Bridge financing and Continuous linked settlement: Difference between pages

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A type of loan, usually at fluctuating interest rates, that takes the form of renewable overdrafts or discounting facilities.
(CLS).
It is used as a continuing source of funds until the borrower obtains medium or long-term financing to replace it.
 
A global real-time settlement system for foreign exchange transactions that eliminates foreign exchange settlement risk caused by delays arising from time-zone differences; the so-called Herstatt risk.
 


== See also ==
== See also ==
* [[Interest rate]]
* [[Settlement system]]
* [[Overdraft]]
* [[Herstatt risk]]
* [[Payments and payment systems]]
 
 
===Other links===
[http://www.treasurers.org/node/6124 The Great FX Fix, The Treasurer Cash Management Supplement 2009]


[[Category:Cash_management]]

Revision as of 08:53, 11 May 2015

(CLS).

A global real-time settlement system for foreign exchange transactions that eliminates foreign exchange settlement risk caused by delays arising from time-zone differences; the so-called Herstatt risk.


See also


Other links

The Great FX Fix, The Treasurer Cash Management Supplement 2009