Chief Treasurer
Understanding Credit Transfer
Credit Transfer is a financial process that allows individuals or entities to move funds or credit balances from one account or entity to another. This article explores the concept of credit transfer, its practical applications in financial transactions, and provides examples to illustrate its use. What is Credit Transfer? Definition Credit Transfer refers to the movement of … Read more
What is an authorised push payment?
An authorised push payment is simply a bank transfer an individual or business makes directly to the recipient. Authorised push payments are usually carried out on an online banking platform or app, where the payer will input the recipient’s account details and knowingly transfer money. As the name suggested, authorised push payments are: A legitimate … Read more
Safe Keeping Receipt (SKR)
Understanding its Purpose and Where to Obtain One Safe Keeping Receipts (SKRs) play a crucial role in the world of finance and asset management. These documents are used to secure and verify the ownership of valuable assets, such as precious metals, art, or securities. In this article, we will explore what a Safe Keeping Receipt … Read more
Procurement
What Is Procurement? Procurement is the process of buying or otherwise obtaining goods or services, typically for business or government purposes and usually on a relatively large scale. Often confused with purchasing, procurement represents a more strategic and less purely transactional process. How Procurement Works In business, the procurement process can be a vital part … Read more
ISO 20022 Method
Treasury Bank treasurers act as fund underwriters and payment agents for clients internal accounts at Treasury Bank and external Acquiring Bank. Payment are credit transfers as inter-bank movement of funds from a Treasury Bank’s receivable account as (debtor) account to a payable to beneficiary party as (creditor). Treasury Bank credit transfers are exchanged as closed … Read more
Understanding Assets
Assets are categorized as either real tangible, intangible. or financial title of value. All assets can be said to be of economic value to a corporation or an individual. If it has a value that can be exchanged for cash, the item is considered an asset. Tangible Assets are physical assets that have an intrinsic … Read more
Understand Credit Transfers
A credit transfer is a payment transaction by which a payment services provider transfers funds to a payee’s account against a payer’s order, and the payer and the payee can be the same person. Standing Order A standing order is a payment service by which a payment service provider, on the basis of a contract … Read more
Fund Origination
A “fund origination certificate” likely refers to a document or process related to demonstrating the source and legitimacy of funds, as a certificate of origin especially when dealing with financial transactions or investments. Here’s a breakdown of what this might entail:
Understanding Accounts and The Opportunities They Bring
Accounts are the basis for all money movement activities in both the digital and physical worlds. Because of this, accounts are at the heart of enabling the Embedded Finance opportunity and providing an automated and compliant approach to creating these accounts is one of the most basic capabilities a Banking-as-a-Service (BaaS) platform can provide. There … Read more
