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/eurovoc (pub)
payment system
Alternative labels (en):
- funds transfer system
- FTS
- payment and settlement system
- clearing and settlement system
- electronic funds transfer system
- EFTS
- securities settlement system
- IFTS
- interbank funds transfer system
In scheme:
Broader:
Related:
Definition (en):
This term has two meanings. In some cases, it refers to the set of instruments, banking procedures and interbank funds transfer systems which facilitate the circulation of money in a country or in a currency area. In most cases the expression is used as a synonym of ‘funds transfer system’. Source: ECB website glossary. Available at: https://www.ecb.europa.eu/home/glossary/. (Accessed: 17/05/2016).