QA2019-53 - Payments

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Feb 01, 2024
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QA2019-53

Question


Should payments made to settle a transaction (payment of cash against delivery of title) be included in field F.22 of the CF Template?


Response


Field F22 concerns payment services to non-MFIs. This should include all payments initiated by the clients of the bank (mainly individuals and corporates). Whether such payments are executed to buy securities or something else should not matter.