ESM3036 - Basic principles: how to work out whether a deemed payment is treated as paid - flowchart

This section contains a flowchart to help you decide whether a deemed payment is treated as paid. You will only need to consider this once you have established that a particular contract is a relevant engagement and therefore covered by the legislation (see ESM3031) and that the conditions of liability are met in relation to the intermediary (see ESM3100 onwards).