TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

REMOTE ACCESS INTER-BANK FUNDS TRANSFER SYSTEM [1 record]

Record 1 2000-08-15

English

Subject field(s)
  • Internet and Telematics
  • Banking
DEF

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, if necessary, without having established a branch in the host country.

Key term(s)
  • remote access to an Inter-bank Funds Transfer System

French

Domaine(s)
  • Internet et télématique
  • Banque
DEF

Possibilité pour un établissement de crédit domicilié dans un pays («pays d'origine») de devenir participant direct à un système de transfert de fonds entre banques (STFB) installé dans un autre pays («pays d'accueil») et de détenir à cet effet un compte de règlement à son propre nom auprès de la banque centrale du pays d'accueil, si nécessaire, sans y avoir établi de succursale.

Spanish

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