Transfer: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Mend link.) |
||
| Line 19: | Line 19: | ||
== See also == | == See also == | ||
* [[Provisional transfer]] | * [[Provisional transfer]] | ||
* [[Repetitive | * [[Repetitive transfers]] | ||
* [[Transfer system]] | * [[Transfer system]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
Revision as of 15:13, 28 March 2016
1.
The sending (or movement) of funds or securities or of a right relating to funds or securities from one party to another by:
i. The conveyance of physical instruments/money; or
ii. Accounting entries on the books of a financial intermediary; or
iii. Accounting entries processed through a funds and/or securities transfer system.
The act of transfer affects the legal rights of the transferor, transferee and possibly third parties in relation to the money balance, security or other financial instrument being transferred.
2.
In relation to risk management, a response to risk in which another party is paid - or otherwise induced - to accept the risk.
