Remote access to an IFTS: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 20/8/13) |
||
| Line 1: | Line 1: | ||
''Funds transfer''. | ''Funds transfer''. | ||
The facility for a credit institution established in one country (home country) to become a direct participant in an interbank funds transfer system (IFTS) established in another country (host country) and, for that purpose, to have a settlement account in its own name with the central bank in the host country, without necessarily having established a branch in the host country. | The facility for a credit institution established in one country (home country) to become a direct participant in an interbank funds transfer system (IFTS) established in another country (host country) and, for that purpose, to have a settlement account in its own name with the central bank in the host country, without necessarily having established a branch in the host country. | ||
== See also == | == See also == | ||
* [[Interbank Funds Transfer System]] | * [[Interbank Funds Transfer System]] | ||
Revision as of 14:54, 20 August 2013
Funds transfer.
The facility for a credit institution established in one country (home country) to become a direct participant in an interbank funds transfer system (IFTS) established in another country (host country) and, for that purpose, to have a settlement account in its own name with the central bank in the host country, without necessarily having established a branch in the host country.
