Fund transfer system (FTS)

an arrangement – based on private contracts or statutory regulation – relating to the transfer of money and the settlement of accounts – between several members – according to common rules and – following specified, standardized execution channels (a series of predetermined legal, technical and procedural arrangements for the transfer of money and the settlement of accounts). – See clearing house, automatic, (securities) giro system, remote access, interbank funds transfer system, capital transfer system, electronic, retail payments, electronic, RTGS system, Single European Payment Area, TARGET system, credit transfer.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/