Gross settlement system and Member nominated trustee: Difference between pages

Revision as of 09:14, 22 August 2013

(MNT).

Pensions.

Under UK pensions legislation a minimum proportion of trustees must be nominated by the members of the scheme.

This proportion is currently one third.

Also known as Employee nominated trustees.

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-A transfer system in which the settlement of funds or securities transfers occurs individually on an order-by-order basis according to the rules and procedures of the system, in other words without netting debits against credits.
+(MNT).
+''Pensions.''
+Under UK pensions legislation a minimum proportion of trustees must be nominated by the members of the scheme.
+This proportion is currently one third.
+''Also known as Employee nominated trustees.''
 == See also ==
-* [[End-of-day gross settlement system]]
+* [[Trustees]]
-* [[Net settlement]]
-* [[Net settlement system]]
-* [[Real-time gross settlement system]]
-* [[Settlement]]
-* [[Transfer system]]