Large-value funds transfer system: Difference between revisions
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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. | 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. | 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. | Large-value funds transfer systems are sometimes known as wholesale funds transfer systems. | ||
== See also == | == See also == | ||
* [[Funds transfer system]] | * [[Funds transfer system]] | ||
Revision as of 11:54, 22 August 2013
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.
