initiating party


initiating party
The party initiating the payment to the forwarding or first agent. In the payment context, this can either be the debtor (in a credit transfer), the creditor (in a direct debit), or a party that initiates the payment on behalf of the debtor or creditor. In the context of treasury, the party that instructs the trading party to execute a treasury deal on its behalf.

Euroclear glossary. 2008.

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