I recently encountered the term 'CMT payment' and I'm not sure what it means. Could someone please explain the definition and possibly provide some context or examples of CMT payment?
6 answers
SsangyongSpiritedStrengthCourageBravery
Sun Nov 17 2024
A cash management trust, or CMT, represents a unique financial arrangement.
CherryBlossomFall
Sun Nov 17 2024
This agreement is established between two entities: a financial institution, referred to as FI, and an authorised deposit-taking institution, known as ADI.
Maria
Sat Nov 16 2024
The primary objective of setting up such a trust is to cater to the specific needs of the FI's customers.
EthereumLegend
Sat Nov 16 2024
Through this arrangement, customers of the FI are allowed to maintain accounts that offer particular transactional facilities.
HallyuHeroine
Sat Nov 16 2024
These facilities are typically not directly available from the FI itself.