large-value funds transfer system (wholesale funds transfer system)

What is large-value funds transfer system (wholesale funds transfer system)?

large-value funds transfer system (wholesale funds transfer system) definition and meaning on Finance terms:
A funds transfer system through which large-value and/or high-priority funds transfers are made between participants in the system for their own account or on behalf of their customers. Although, as a rule, no minimum value is set for payments made in such systems, the average size of such payments is usually relatively large. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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