Large-value funds transfer system: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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* [[Funds transfer system]] | * [[Funds transfer system]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
[[Category:Cash_management]] | |||
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Revision as of 15:15, 2 December 2021
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.
