Description:

Source of payment is not available.

Appears in:

• Acquisition Leveraged Finance
• Bond Issues
• Borrowing Base Facility
• Certificate of Deposit (Broker Acting as Principal)
• Certificate of Deposit (Broker Acting on Behalf of Client)
• Certificate of Deposit (Direct Interaction with Clients)
• Collateral Debt Obligation
• Commercial Paper (CP)
• Constant Proportion Portfolio Insurance (CPPI)
• Convertible Bond
• Credit Facility
• Credit Linked Deposit
• Credit Linked Note
• Cross Border Transfer via P2P Merchant
• Crypto Hawala
• Currency Swap
• Deposit
• Deposit (Direct with Client)
• Deposit (via Broker)
• Documentary Collections (Export)
• Documentary Collections (Import)
• Dual Currency Deposit (DCD)
• Equities
• Equity Linked Note
• Exchange Traded Funds (ETFs) (Counterparty to Counterparty)
• Exchange Traded Funds (ETFs) (Exchange Traded)
• FX Prime Brokerage (Continuous Linked Settlement)
• FX Prime Brokerage (Non-Continuous Linked Settlement)
• FX Spot
• FX Swap
• General Bond
• Import Guarantee (Standby Letter of Credit)
• International Services
• Letter of Credit
• Letter of Credit and Guarantee Syndication
• Leveraged Loan
• Liquidity Support Facility
• Loan Syndication
• Medium Term Note (MTN)
• Multi-Product Facility
• Overdraft Facility
• Performance Bond
• Private Placement
• Receivable Purchase Facility
• Revolving Credit Facility (Bilateral Agreement)
• Revolving Credit Facility (Syndicated)
• Standby Facility
• Structured Deposit
• Trade Receivable Securitization
• Traditional Hawala
• Treasury Bill
• Treasury Note

Addressed by:

• Book Entry or DVP: The product is not easily transferable, and payment flows are restricted due to book entry (recorded electronically) and Delivery vs. Payment (DVP), a settlement system that stipulates cash payment must be made prior to or simultaneously with the delivery of the security to a specified party.
• Originator and Beneficiary Information: Require that originator and beneficiary information be included in the payment.
• Transactional Due Diligence (TDD): Conducts a detailed examination of specific transactions identified as being higher risk.
• Transparent Flow of Funds: Maintains a transparent flow of funds.