Glossary

Originating Financial Institution/ Originating Institution

Is a Financial Institution in which Originator holds an account and which initially processes the Order after it is posted.

How does Originating Financial Institution work?

Originating Financial Institution has a key role in Settling Transactions as it first participates in the processing of Order. It acts as a holder of Funds on behalf of Originator which can be further used in  financial Transactions.

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