Gross settlement system: Difference between revisions
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A transfer system in which the settlement of funds or securities transfers occurs individually on an order-by-order basis according to the rules and procedures of the system, in other words without netting debits against credits. | A transfer system in which the settlement of funds or securities transfers occurs individually on an order-by-order basis according to the rules and procedures of the system, in other words without netting debits against credits. | ||
== See also == | == See also == | ||
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* [[Settlement]] | * [[Settlement]] | ||
* [[Transfer system]] | * [[Transfer system]] | ||
[[Category:Cash_management]] | |||
Revision as of 10:04, 9 October 2013
A transfer system in which the settlement of funds or securities transfers occurs individually on an order-by-order basis according to the rules and procedures of the system, in other words without netting debits against credits.
