Remote access to an IFTS

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.

See also

• Direct participant in an IFTS
• Interbank Funds Transfer System
• Settlement account