Multilateral net settlement system

From ACT Wiki
Revision as of 17:03, 29 November 2014 by Doug Williamson (Talk | contribs) (Linked to The Treasurers Handbook - Payments and payment systems)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Funds transfer.

A settlement system in which each settling participant settles (typically by means of a single payment or receipt) the multilateral net settlement position which results from the transfers made and received by it, for its own account and on behalf of its customers or non-settling participants for which it is acting.

See also