Deferred net settlement

(DNS).

Funds transfer

A net settlement system where final settlements occur between participating banks at the end of a predefined settlement cycle when the net obligations between participants are calculated and presented to the settlement agent for settlement.

Also known as Designated-time net settlement.

Contrast with a real time gross settlement system (RTGS).

See also

• Net settlement
• Net settlement system
• Real-time gross settlement system (RTGS)