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Fiscal agency services |
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Fiscal agency servicesServices performed by the Federal Reserve Banks for the U.S. government. These include maintaining deposit accounts for the Treasury Department, paying U.S. government checks drawn on the Treasury, and issuing and redeeming savings bonds and other government securities.Fiscal agency services Similar MatchesInformation servicesInformation servicesOrganizations that furnish investment and other types of information, such as information that helps a firm monitor its cash position. Financial Services Compensation SchemeFinancial Services Compensation SchemeThe Financial Services Compensation Scheme is the sole financial compensatory scheme. It was set up by the Financial Services Authority (FSA) in December 2001, and replaced:Building Societies Investor Protection SchemeDeposit Protection SchemeFriendly Societies Protection SchemeInvestors Compensation SchemePIA Indemnity SchemePolicyholders Protection Boardhttp://www.fscs.org.uk Balance on goods and servicesBalance 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. Concentration servicesConcentration servicesMovement of cash from different lockbox locations into a single concentration account from which disbursements and investments are made. 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 SuggestionsFinancial Services Act 1986Short term investment services Tax preparation services Trade in services General Agreement on Trade in Services Bankers Automated Clearing Services Headquarters services Nonfinancial services |
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