Sentences with phrase «allowed for financial institutions»

Then why is it allowed for financial institutions to operate in such manner?

Bi-annually, quarterly and monthly modes are available only under the auto debit process that is allowed for financial institution by RBI.

Not exact matches

Ripple actually refers to two entities: Larsen's for - profit company, Ripple Labs, and an open - source protocol called Ripple, which allows financial institutions to plug in and augment to their own needs.

Macron has said he hopes to pool liability for various kinds of debt: a completed banking union would ensure bailout costs for individual financial institutions would be distributed across the continent rather than borne by individual countries, and the so - called Eurobonds would allow national governments to borrow money against a joint continental credit rating.

Look for one that allows you to share information with a financial institution for borrowing purposes.

The paper outlines an idea for a version of electronic cash that would allow online payments to be made from one person to another without a financial institution or some other third - party arbiter in the middle.

Mobile banking and banking technology have also allowed us to make deposits from the convenience of our home, nearly eliminating the need for more traditional banking and financial institutions.

The white paper outlined the concept for a peer - to - peer version of electronic cash that would allow online payments to be sent directly from one party to another, anonymously and without counterparty risk or intermediation from financial institutions.

Bitcoin allows for individuals to exchange cash without involving any middlemen like financial institutions, banks, or governments.

Because blockchains can allow for faster transactions through peer - to - peer solutions, automated processes, and other improved benefits, the ways that central banks and other financial institutions administer settlements will need to improve if they are to remain competitive.

Thus, while it initially appeared that the bill was designed to foster entrepreneurial development of decentralized systems, such as the Ethereum network, to allow individuals to reclaim some power from large companies, the bill does not accomplish that aim as it treats public and private blockchains (and possibly even legacy payment systems) equally.By opening this loophole in the definition of blockchain, Nevada does not appear to be showing any more support for the blockchain upstart community than it shows for multinational financial institutions and banks at large.

The Dodd - Frank law allows for the Financial Stability Oversight Council to designate certain institutions as «systemically important.»

An IRA is defined as an account set up at a financial institution that allows an individual to save for his or her retirement with tax - free growth or on a tax - deferred basis.

APRA chairman Wayne Byres said the report should provide important insights for all financial institutions «about the need to maintain a broad focus on all aspects of risk and stakeholder interest and not allow financial success to mask or detract from other important measures of an institution's performance and risk profile».

An IRA is an account set up at a financial institution that allows an individual to save for retirement with tax - free growth or on a tax - deferred basis.

When I worked for major financial institutions I was not allowed to have any other jobs, paid or otherwise.

At the president's request, Makovicky and other members of a special museum committee have begun the formal process of declaring «financial exigency» — an emergency status that would allow for layoffs of tenured scientists at the world - class institution.

And, while plenty of deserved scorn has been heaped on the auxiliary financial institutions and hapless federal regulators who allowed his fraud to unfold for decades, nobody has suggested that those lapses in any way mitigate Madoff's culpability in his crimes.

Having mortgage insurance makes originating high loan - to - value (LTV) loans safer for the financial institutions we serve, allowing them to reduce their risk and lend to credit - worthy borrowers who bring less than 20 percent down to the table.

Would it be specific to a given financial institution, or is this a common - enough practice that many / most / all credit unions and banks allow for it?

Using only one financial institution for all your investments also allows you to build a solid relationship with an adviser who can oversee your total financial picture.

It is even good to allow failures of financial institutions, particularly risky ones at the fringe of the financial system for the same reason.

State Farm Bank, for example, not only allows customers to make deposits at select, full - service State Farm Bank ATMs, but also lets customers make deposits at ATMs owned by financial institutions that participate in deposit sharing.

The Office of the Superintendent for Financial Institutions (OSFI) will instead allow banks to go on making decisions based on the homeowner's payment record.

This type of account allows you to park some of your money into a bank or other financial institution for an agreed period of time, usually from six months to a few years.

Designed for individuals wanting to trade higher volumes, our Raw account allows traders to get real access to the same depth of pricing as leading institutional businesses like banks, financial institutions and hedge funds.

If you don't have enough cash on hand to jump in before the deadline, many financial institutions will structure a special RRSP loan with no payments for the first couple of months to allow time for you to get your tax refund before you have to start making loan payments.

Blockchain allows customers and suppliers to connect directly, without the need for a central entity, like a bank or financial institution, to make a transaction.

Under Regulation D, the Federal Reserve sets guidelines for how many transactions financial institutions are allowed to offer you on accounts designated for saving.

We can accept funds from clients via wire transfer from any bank and we are also registered for online bill payment with select financial institutions, which allows you to transfer funds for free to us.

Similarly, the Federal Family Education Loan (FFEL) program allowed financial institutions to originate — and securitize — student loans meeting certain guidelines for students attending qualifying institutions to be insured by a set of guarantors.

Allows you to become eligible for «regular» credit cards from the same financial institution over time.

Knowing the effective investment rate for an investment allows you to compare it with accounts or investments offered by different financial institutions.

Finance Act, 2016 has introduced deduction of interest payable on housing loan for first time home buyers taken from any financial institution over and above the deduction allowed under section 24b.

Some employers - most commonly financial institutions - do not allow people who are bankrupt to work for them.

Can you think of any other financial product that allows you to put money away each year... and promises that if you can't continue to make new payments due to being disabled... that same financial institution will make those payments FOR you?

They have taken on as big a mortgage as their financial institution will allow in order to buy the best house they can for their kids.

A common type is a foreign - exchange forward, which allows corporations and financial institutions to hedge currency risk by locking in terms of exchange ahead of time, usually for three months.

The agreement will end the litigation over the new financial plan adopted by The Cooper Union's Board of Trustees in 2013 and allow for the continued sliding - scale scholarship model for undergraduate students while providing for continued steps to strengthen the governance of the institution and for evaluating the possibility for a return to a full - tuition scholarship model.

The agreement ends the litigation over the new financial plan adopted by The Cooper Union's board of trustees in 2013 and allows for the continued sliding - scale scholarship model for undergraduate students while providing for continued steps to strengthen the governance of the institution and for evaluating the possibility for a return to a full - tuition scholarship model.

The reporting allowed the agencies to share the creditor's data with other financial institutions for the purposes of assessing credit applications so as to promote responsible lending.

Rachel Kent, global head of financial institutions practice, Hogan Lovells, said the key concern for financial institutions is passporting, which allows firms authorised in the UK to operate in the European Economic Area, and vice versa.

It recommended modifying the proposed rule to allow covered entities to provide banks or financial institutions with the data specified in any transaction set mandated under the Transactions Rule for health care claims payment.

PRPPs are an alternative funding and administrative model for pension plans that allow employers and non-employment based groups to participate in pension plans offered by qualified financial institutions.

Can you think of any other financial product that allows you to put money away each year... and promises that if you can't continue to make new payments due to being disabled... that same financial institution will make those payments FOR you?

However, many critics fail to consider that in many cases where term life insurance is denied for health reasons, mortgage life insurance is still available (this does not guarantee that you are covered, but rather you're allowed to pay the premium of the insurance, the financial institution holds the right to deny the claim.

Only individuals, who have taken loans from any approved financial institutions and charitable organisations, are allowed for tax benefits.

This anti-establishment sentiment set the perfect mood for coming up with an «electronic cash» which would «allow online payments to be sent directly from one party to another without going through a financial institution.»

Most of these exchanges allow trading in multiple forms of cryptos however Bitcoin has taken the shape of one of the most popular digital token used rapidly for fostering online payments without the involvement of financial institutions or middlemen.

This was good news for bitcoin exchanges in China as they were not only given some degree of legitimacy, but they were exclusively allowed to deal with digital currency while banks and financial institutions weren't allowed to touch them.