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Balance on goods and services |
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Balance on goods and servicesNetting of transaction balances, including the net amount of payments of interest and dividends to foreign investors and investments, as well as receipts and payments resulting from international tourism.Balance on goods and services Similar MatchesGeneral Agreement on Trade in ServicesGeneral Agreement on Trade in ServicesThe agreement, negotiated in the Uruguay Round that brings international trade in services into the WTO. It provides for countries to provide national treatment to foreign service providers and for them to select and negotiate the service sectors to be covered under GATS. Financial Services Act 1986Financial Services Act 1986A Government Act introduced primarily to provide increased protection for investors and to regulate investment business conducted in the UK. Concentration servicesConcentration servicesMovement of cash from different lockbox locations into a single concentration account from which disbursements and investments are made. Information servicesInformation servicesOrganizations that furnish investment and other types of information, such as information that helps a firm monitor its cash position. Financial Services AuthorityFinancial Services AuthorityThe replacement regulating body for the Securities and Investments Board (SIB). The FSA, which came into being on 28th October 1997, carries all regulatory responsibilities for the UK financial services industry. The overall broad objectives are:the protection of consumers of financial servicesthe promotion of clean and orderly marketsthe maintenance of confidence in the financial services systemIt is a criminal offence to conduct investment business without authorisation, and the FSA is empowered to prosecute those who break this rule. A Central Register is held which lists firms with authorisation. Further SuggestionsShort term investment servicesTax preparation services Nonfinancial services Headquarters services Trade in services Bankers Automated Clearing Services Financial Services Compensation Scheme Fiscal agency services |
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