MT102 and NIPS Code: Difference between pages

Revision as of 15:44, 4 August 2022

UK.

The former Non-Investment Products Code.

The NIPS code has now been superseded.

The successor codes are the FX Global Code and the UK Money Markets Code.

The former NIPS code covered standards, controls and dealing mandates in the UK's wholesale financial markets.

Its scope included wholesale markets in:

@@ Line 1: / Line 1: @@
-''SWIFT.''
+''UK''.
-An MT102 (or MT 102) is a standard structured SWIFT message.
+The former Non-Investment Products Code.
-It is a multiple customer credit transfer.
+The NIPS code has now been superseded.
+The successor codes are the FX Global Code and the UK Money Markets Code.
-==See also==
-* [[Extensible markup language]]  (XML)
-*[[MT]]
-*[[MT940]]
-*[[MT942]]
-*[[SEPA]]
-*[[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT)
-[[Category:The_business_context]]
+The former NIPS code covered standards, controls and dealing mandates in the UK's wholesale financial markets.
-[[Category:Identify_and_assess_risks]]
-[[Category:Manage_risks]]
+Its scope included wholesale markets in:
-[[Category:Risk_frameworks]]
+*Sterling wholesale deposits;
-[[Category:Risk_reporting]]
+*Foreign currency wholesale deposits;
-[[Category:Cash_management]]
+*Gold and silver bullion wholesale deposits;
-[[Category:Liquidity_management]]
+*Spot and forward foreign exchange; and
-[[Category:Technology]]
+*Spot and forward gold and silver bullion.
+== See also==
+* [[Code of practice]]
+* [[Controls]]
+* [[Foreign exchange]]
+* [[Forward contract]]
+* [[Forward market]]
+* [[Forward rate agreement]]
+* [[FX Global Code]]
+* [[Mandate]]
+* [[Non-investment product]]
+* [[Spot]]
+* [[Standard]]
+* [[UK Money Markets Code]]
+* [[Wholesale]]
+[[Category:Compliance_and_audit]]