Capital transfer system, electronic (electronic funds transfer system, EFTS)

The settlement and clearing of transactions on the financial market via electronically controlled systems. – Preplanned, usually regularly executed account movements using an electronic network. – See settlement systems, exchange concentration, European, clearing house, automatic, Euroclear, remote access, retail payments, electronic, Target, Target 2-Securities, trade assignment, remittance system.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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