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debit transfer authorisation

Serbo-Croat translation: ovlaštenje za prenos duga (zaduženja)

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	debit transfer authorisation
Serbo-Croat translation:	ovlaštenje za prenos duga (zaduženja)
Entered by:	bpetrov

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10:28 Feb 17, 2010

English to Serbo-Croat translations [PRO]
Bus/Financial - Finance (general) / money laundering

English term or phrase: debit transfer authorisation

This Regulation shall not apply to transfers of funds:

where there is a debit transfer authorisation between two parties permitting payments between them through accounts, provided that a unique identifier accompanies the transfer of funds, enabling the natural or legal person to be traced back;

bpetrov KudoZ activity Questions: 3397 (10 open) (8 without valid answers) (60 closed without grading) Answers: 262 Serbia
Local time: 22:29

ovlaštenje za prenos duga (zaduženja)

Explanation:
Debit transfer system
A funds transfer system in which debit collection orders made or authorised by the payer move from (the bank of) the payee to (the bank of) the payer and result in a charge (debit) to the account of the payer; for example, cheque-based systems are typical debit transfer systems. Also called debit collection system.
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