Multiple credits

Multiple credits
  Incoming payment order split into a maximum of three different settlements using the same customer. See also New beneficiary party.

International financial encyclopaedia . 2014.

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  • New beneficiary party —   A Customer, who is our customer, in whose favour a payment is being made. The customer left instructions to settle (parts of) the funds in another way than the ordering party Ordered. See also Multiple Credits …   International financial encyclopaedia

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