Finance Institution which facilitates cooperation among countries involved in international transactions and provides assistance to countries experiencing international payment problems.

funds transfer mechanism where transfer of money takes place from one bank to another whereby payment transaction is not subjected to any waiting period and is settled on a one to one basis without bunching with any other transaction and, once processed, payments are final and irrevocable

Finance day on which the actual transfer of two currencies or the transfer of money for an asset takes place at a previously arranged price