Straight-through processing: Difference between revisions
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imported>Doug Williamson m (Add category.) |
imported>Doug Williamson (Expand for Friction costs.) |
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The automated processing of transactions and any related payment transfers, including the automated completion of confirmation and settlement instructions. | The automated processing of transactions and any related payment transfers, including the automated completion of confirmation and settlement instructions. | ||
One of the benefits of STP is a substantial reduction in friction costs. | |||
== See also == | == See also == | ||
* [[Friction]] | |||
* [[SEPA direct debit]] | * [[SEPA direct debit]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 11:19, 4 June 2018
(STP).
The automated processing of transactions and any related payment transfers, including the automated completion of confirmation and settlement instructions.
One of the benefits of STP is a substantial reduction in friction costs.
