Large-value funds transfer system

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Revision as of 17:11, 29 November 2014 by imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems)
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A funds transfer system through which large-value and high priority funds transfers are made between participants in the system for their own account or on behalf of their customers.

Although, as a rule, no minimum value is set for the payments they carry, the average size of payments passed through such systems is usually relatively large.

Large-value funds transfer systems are sometimes known as wholesale funds transfer systems.


See also