Money transection
A financial transaction is an agreement, or communication, carried out between a buyer and a seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals.
Transaction banking is the process of money transfer, typically for corporates by banks. It includes commercial banking products, domestic and cross-border payments, professional risk mitigation for international trade and the provision of trust, agency, depository, custody and related services.
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