Currency and Single Euro Payments Area: Difference between pages

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1. ''Money - foreign exchange.''
(SEPA). The area where businesses and individuals will be able to make and receive payments in euro, within Europe, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of location.   
 
The official system of money in use in a country or other jurisdiction.
 
For example the US dollar, euro, pound sterling or yuan renminbi.
 
 
2''Future-proofing.''
 
The quality of being up to date, and relatively unlikely to become obsolete any time in the near future.


SEPA encompasses the SEPA Credit Transfer, SEPA Direct Debit and SEPA cards framework. It covers 32 countries including the European Union Member States plus Iceland, Norway, Liechtenstein, Switzerland and Monaco.


== See also ==
== See also ==
* [[Central bank money]]
* [[EC Directive 2007/64/EC]]
* [[Clean float]]
* [[European Payments Council ]]
* [[euro]]
* [[European Union ]]
* [[Foreign exchange]]
* [[SEPA credit transfer]]
* [[Future-proof]]
* [[SEPA direct debit]]
* [[IAS 21]]
* [[Legal tender]]
* [[Money]]
* [[Reserve currency]]
* [[Sterling]]
* [[USD]]
* [[Yuan renminbi]]


[[Category:The_business_context]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 14:20, 23 October 2012

(SEPA). The area where businesses and individuals will be able to make and receive payments in euro, within Europe, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of location.

SEPA encompasses the SEPA Credit Transfer, SEPA Direct Debit and SEPA cards framework. It covers 32 countries including the European Union Member States plus Iceland, Norway, Liechtenstein, Switzerland and Monaco.

See also