Payment

In a strict sense, a payment is a transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. However, in a technical or statistical sense, it is often used as a synonym for "transfer order". See also transfer order (European Central Bank)

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Payer

Participant

pan-European automated clearing house (PE-ACH)

Oversight

Overnight deposits

Outright transaction