IBANK 8.8.1 Guidance
1 A liability is said to be payable at sight if payment is due immediately on presentation. For example, a cheque is usually payable at sight.
2 On a particular day, the sight-7 calendar days time-band covers assets maturing, or liabilities payable, on presentation or within 7 calendar days. The 8-30 calendar days time-band covers assets maturing, or liabilities payable, from 8 to 30 calendar days later.
3 This Part takes no account of assets or liabilities with an unspecified maturity, or a specified maturity that is more than 30 calendar days in the future.
|Inserted by QFCRA RM/2018-2 (as from 1st May 2018).|