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In some circumstances, a reporting entity may engage a financial institution to operate solely as a paying agent by entering into arrangements that allow for the financial institution to make payments on its behalf, and in some instances, allow it to participate in a rebates or “rewards” programs for transaction volume generation. See FSP for further discussion of these arrangements.
With regard to classification of this type of arrangement in the statement of cash flows, reporting entities should follow the guidance in FSP 6.9.11 for structured payables.

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