Hybrid clearing and settlement systems and Service: Difference between pages

Revision as of 14:20, 23 October 2012

1. Debt. To make payments of interest and principal on a borrowing as they fall due.

2. Pensions. A period of employment by an employee with an employer which counts towards pension benefit accrual.

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-Hybrid clearing and settlement systems settle real-time but on a net basis i.e. settlement occurs through a simultaneous debit and credit to the participating bank accounts, with finality, but on a net basis as determined by the clearing process.
+. ''Debt.''
+To make payments of interest and principal on a borrowing as they fall due.
+. ''Pensions.''
+A period of employment by an employee with an employer which counts towards pension benefit accrual.
+== See also ==
+* [[Pensionable service]]
-[[Category:Payment_and_Clearing_Systems]]