Backstop facility and Clearing system: Difference between pages
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(Difference between pages)
imported>Doug Williamson (Add Backstop credit facility. Source - The Treasurer online - 8 July 2021 - https://www.treasurers.org/hub/treasurer-magazine/act-deals-of-the-year-awards-2020-special-covid-award-winner) |
imported>Doug Williamson m (Category added 9/10/13 and spacing) |
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A | A set of procedures whereby financial institutions present and exchange data and/or documents relating to funds or securities transfers to other financial institutions. | ||
The procedures often also include a mechanism for the calculation of participants’ bilateral and/or multilateral net positions with a view to facilitating the settlement of their obligations on a net or net net basis. | |||
== See also == | == See also == | ||
* [[ | * [[Cheque truncation]] | ||
* [[ | * [[Clearing]] | ||
* [[ | * [[Clearing house]] | ||
* [[ | * [[Settlement]] | ||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 10:03, 9 October 2013
A set of procedures whereby financial institutions present and exchange data and/or documents relating to funds or securities transfers to other financial institutions.
The procedures often also include a mechanism for the calculation of participants’ bilateral and/or multilateral net positions with a view to facilitating the settlement of their obligations on a net or net net basis.
