The Transmission of Payments and Payment Messages by LVTS, CHIPS

question 22

Short Answer

The transmission of payments and payment messages by LVTS, CHIPS, SWIFT, Fedwire, etc.

---

Definitions:

Long-Lived Assets

These are tangible or intangible assets that a company expects to use for more than one year, including property, plant, and equipment.

Economic Benefits

The gains derived from actions or decisions, typically measured in terms of revenue or income generated or costs saved.

Service Potential

The capacity or capability of an asset, especially a non-financial asset, to provide services or benefits over its useful life.

Capitalization of Interest

The process of adding accumulated interest to the principal balance of a loan, which then earns further interest.