final agent


final agent
A financial institution of the creditor that receives the payment transaction on behalf of an account owner or other nominated party, and posts the transaction to the account.

Euroclear glossary. 2008.

Look at other dictionaries:

  • final agent — A financial institution of the creditor that receives the payment transaction on behalf of an account owner or other nominated party, and posts the transaction to the account. Euroclear Clearing and Settlement glossary …   Financial and business terms

  • final party — The party that is the ultimate beneficiary of the cash transfer. The final party is mentioned when different from the creditor, whose account will be credited by the final agent. Euroclear Clearing and Settlement glossary Also beneficiary of… …   Financial and business terms

  • final party — The party that is the ultimate beneficiary of the cash transfer. The final party is mentioned when different from the creditor, whose account will be credited by the final agent. Also beneficiary of money (Securities Industry), ultimate… …   Euroclear glossary

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