Insurance and SEPA credit transfer: Difference between pages

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1. ''Risk management - transferring & pooling risk - commercial.''
(SCT).  


A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.  
An electronic transfer of euro made under the rules and standards of the SEPA Scheme.   
   
Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.




2.  ''Risk management - transferring & pooling risk - commercial.''
The standardised formats and service levels create:


The act or structure of providing insurance on a commercial basis, or of buying it.
#Certainty over data carried and delivered with payments.  
 
#A requirement for gross payments with a maximum execution time 1 day; and
 
#Other specifications, for transfers within Europe, whether between or within national boundaries.
3.  ''Risk management - transferring & pooling risk - regulation - lender of last resort.''
 
The actions or structures of a regulator or supervisor to ensure market stability, whether or not they are provided on commercial terms.
 
For example, the liquidity insurance provided by the Bank of England in acting as a lender of last resort for banks and other financial market participants.




== See also ==
== See also ==
* [[Assurance]]
* [[SEPA direct debit]]
* [[Captive insurance company]]
* [[Single Euro Payments Area]]
* [[Chartered Insurance Institute]]
* [[Payments and payment systems]]
* [[Deposit insurance]]
* [[Financial Conduct Authority]]
* [[Fixing instrument]]
* [[Force majeure]]
* [[GI]]
* [[Hedging]]
* [[HMO]]
* [[IAIS]]
* [[ILS]]
* [[Insurable]]
* [[Insurance risk]]
* [[Insure]]
* [[Lender of last resort]]
* [[Liquidity insurance]]
* [[National Insurance]]
* [[Option]]
* [[Premium]]
* [[Price walking]]
* [[Regulation]]
* [[Reinsurance]]
* [[Risk]]
* [[Risk management]]
* [[Risk response]]
* [[Supervision]]
* [[Trade credit insurance]]
* [[Transfer]]
* [[Underwriting]]


[[Category:Financial_risk_management]]
[[Category:Cash_management]]

Revision as of 12:27, 11 May 2016

(SCT).

An electronic transfer of euro made under the rules and standards of the SEPA Scheme.


The standardised formats and service levels create:

  1. Certainty over data carried and delivered with payments.
  2. A requirement for gross payments with a maximum execution time 1 day; and
  3. Other specifications, for transfers within Europe, whether between or within national boundaries.


See also

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