Glossary

Sponsoring Financial Institution/ Sponsor

Is a Financial Institution which is Direct Participant in the financial infrastructure and facilitates connection of another Financial Institution.

How does Sponsoring Financial Institution work?

Sponsoring Financial Institution works by providing a possibility to Financial Institution which does not have a direct access to a financial infrastructure to be connected by means of using the connection of the Directly Participating Financial Institution. Sponsors normally impose additional fees on top of the price for connection to the infrastructure, at least to the price equal to that which they incur subsequently to the connection of Indirect Participant.

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