Settlement: Difference between revisions
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imported>Doug Williamson (Link with qualifications page) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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* [[Substitution]] | * [[Substitution]] | ||
* [[Trust]] | * [[Trust]] | ||
* [[Payments and payment systems]] | |||
Revision as of 17:01, 29 November 2014
1.
An act that discharges obligation in respect of funds or securities transfers between two or more parties.
2.
Pensions.
An irrevocable action that relieves the employer of the primary responsibility for a pension obligation, thus eliminating associated risks.
3.
The disposal of assets via a trust arrangement.
