Authorisation

Authorisation
  The approval of a financial transaction or a change to a system table.
  Refers to the combination of the following purposes:
  Used by the staff member who has power of attorney. In other words, he is entitled to judge and accept commitments made by the financial institution with a third party.
  To create a division of functions within the financial institution in order to reduce the risk of fraud by staff members. See also EVA and ECA.
  To make more reliable the process of entry of information into a computer system.
  An ISO term.
  ISO Mail Payment Orders term. ISO Documentary Credit Forms term. A permission given to acquire or execute a service. 5*35x.
  ISO Bank Card Originated Messages term. The approval or guarantee given by the card issuer to the acquirer (and/or card acceptor).
  ISO Documentary Credit Forms term. Issuing bank's approval to the reimbursement bank to honour charges. 3f.

International financial encyclopaedia . 2014.

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Look at other dictionaries:

  • authorisation — Authorisation. s. f. Terme de pratique, action par laquelle on authorise. Il ne se dit guere que dans ces phrases. Authorisation du mari. authorisation du tuteur …   Dictionnaire de l'Académie française

  • authorisation — (n.) British English spelling of AUTHORIZATION (Cf. authorization) (q.v.); for spelling, see IZE (Cf. ize) …   Etymology dictionary

  • authorisation — (Brit.) n. official permission; permit; empowerment; mandate; consent (also authorization) …   English contemporary dictionary

  • authorisation — n. 1) to give, grant authorisation 2) to receive authorisation 3) to revoke smb. s authorisation 4) official authorisation 5) authorisation for 6) (the) authorisation to + inf. (we received authorisation to begin demolition) …   Combinatory dictionary

  • authorisation — /ˌɔ:θəraɪ zeɪʃ(ə)n/, authorization noun permission or power to do something ● Do you have authorisation for this expenditure? ● He has not been given authorisation to act on our behalf …   Dictionary of banking and finance

  • authorisation — leidimas pateikti rinkai statusas Aprobuotas sritis visuomenės sveikata apibrėžtis Nacionalinis arba Bendrijos leidimas pateikti rinkai. trumpoji forma leidimas atitikmenys: angl. authorisation ryšiai: dar žiūrėk – Bendrijos leidimas pateikti… …   Lithuanian dictionary (lietuvių žodynas)

  • Authorisation identification —   An ISO term. See preferred term Authorisation Identification response …   International financial encyclopaedia

  • Authorisation identification response length —   An ISO term. The maximum length of authorisation identification response which the acquirer can accommodate. ISO Bank Card Originated Messages term. ln …   International financial encyclopaedia

  • Authorisation number —   An ISO term. A specific value added to a card transaction in the authorisation process for audit trail purposes …   International financial encyclopaedia

  • authorisation — British variant of authorization …   New Collegiate Dictionary

  • authorisation — The process by which organisations are vetted and licensed to conduct investment business under the Financial Services Act 1986. Such organisations are known as authorised persons. Dresdner Kleinwort Wasserstein financial glossary The process by… …   Financial and business terms

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