Головна

Managing the risks of payment systems I - V

Даний матеріал розміщений у самоосвітніх цілях. У подальшому розраховуємо на винекнення перекладу цієї книги.

Chapter 6-8 ->>

Book cover

Contents

I
II
III
IV
V
VI
VII

Preface

I
II

Chapter 1 “We Didn’t Know” Is No Excuse

1 -- What Is a Payment System?
2 -- Payment Systems
3 -- Liability for Fraud Losses: The Law and the Contract with the Bank
      4 -- Bank Shifting Its Statutory Liability to the Customer: Examples
5 -- New Frontier in Cyberspace

Chapter 2 Payment Systems Survey

6 -- Barter
7 -- Coins
      Paper Money
            Drafts Become Paper Money
            8
            9 -- Notes Become Paper Money
10 -- Evolution of Fiat Money in the United States
            New York Clearing House Association
            11
            12
13 -- Check Systems
14 -- Electronic Payments
            Fedwire
            15
            16 -- Net Settlement Services
        CHIPS
            17 -- CHIPS Funds Transfer: Example
18 -- ACH
19 -- SWIFT
            Why SWIFT Is “Swift”
            How the SWIFT System Works
            20
            21

Chapter 3 Checks and the Risk of Fraud

22 -- Negotiable Instruments
            23 -- Drafts
            24
            25
            26
            27
            28 -- Check Law
        Some Definitions
            29 -- Paid and Accepted (Certified) Checks
            30 -- Bearer Paper
            31 -- Negotiation and Endorsement
            “Holder in Due Course” Doctrine
            32
           33 -- Due Course
34 -- Notice of Fraud or Defenses to Payment
            35 -- Risks to Others Because of the Rights of a Holder in Due Course
            36 -- Shelter Principle
37 -- Check System in the United States
            Bank Deposits and Collections: The Depository Bank—Provisional versus Final Payment of a Check
            38 -- Payor Bank: “Final Settlement” of Presentments
            39
40 -- Fraud and Forgery
            Basic Rule with Respect to Fraud
            41 -- Exceptions to the Basic Rule
            42
            43 -- Comparative Fault
            44 -- Payor Bank’s Recourse against Collecting Banks
            45 -- Variation by Agreement: Warning to Treasury Managers and Their Lawyers
            46 -- Fraudulent Endorsements
            47
            48
49 -- Managing Risks of the Check Payment System: Company That Issues Checks
        Internal Controls
            50 -- Bank Controls
            51 -- Check Stock
            52 -- Positive Pay Arrangements
            53
54 -- Company That Receives Checks
        Receipt
            55
            56

Chapter 4 Wire Transfers: Originator to Its Bank to Receiving Bank

57 -- Links in the Funds-Transfer Chain
58
59 -- Originator and Its Bank
            60 -- Nonacceptance of Payment Orders
            61 -- Bank’s Right to Reject Orders: Eliminate Interest Obligation
            62 -- Cancellation and Amendment of Payment Orders
            63
            64
            65
            66 -- Acceptance and Execution of the Originator’s Payment Order
            67
            68
            69
            70
            71
            72
            73
            74
            75 -- “Money-Back Guarantee”
            76
            77 -- Statute of Repose
            78
79 -- Liability for Fraudulent Funds Transfers
            80 -- Notes for Negotiators of Funds-Transfer Agreements
            81 -- Liability for Misdescription of the Beneficiary
            Interest
82 -- Next Link in the Funds-Transfer Chain: Sending and Receiving Banks
            83
            84 -- Originating Company’s Money-Back Guarantee
        Managing Risks in the Links of the Wire Transfer Payment System
            Originator and Its Bank
            85 -- Sending and Receiving Banks
86 -- Study of a Bank’s Perspective of Funds-Transfer Risk Management: Wire Transfer Systems Lend Money to Customers
            Why Do Banks “Lend” Money for Transfers? Intra-Day Loans
            87 -- What Is the Business Process Behind Daylight Overdrafts?
            88 -- Coping with Corporate Groups
            89
            90
            91
            92 -- Handling Rejects
            93
            94
            95 -- Other Side of the Transfer
            96
            97
            98
            99
            100

Chapter 5 Wire Transfers: Completing the Transfer and Rules for Errors

101 -- Last Link in the Funds-Transfer Chain
102 -- Beneficiary and the Beneficiary’s Bank
            Payment of the Beneficiary and Discharge of the Underlying Obligation
            between the Originating Company and the Beneficiary
            103
            104
            105
            106
            107
            108
            109
            110
            111
            112
            113
            114
            115
            116
            117
118 -- Managing Risks in the Links of the Wire Transfer Payment System
            Beneficiary and the Beneficiary’s Bank
119 -- Rules for Errors
            General Rule for Customer Errors
            120 -- Misdescription Errors
            121
            122
            123
            124
            125
            126 -- Misdescription of a Bank
            127
            128 -- Error-Detection Security Procedures
            129
            130
            131
            132
            133
            134
            135
            136
            137



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