Settlement account: Difference between revisions
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imported>Doug Williamson (Create the page. Source: Bank of England http://www.bankofengland.co.uk/markets/Documents/paymentsystems/boesettlementaccounts.pdf) |
(No difference)
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Revision as of 14:10, 30 August 2016
1. Central banking - Bank of England.
An account held by a direct participant in a payment or settlement system, held at the Bank of England, for the purpose of making related payments.
A reserves account already held at the Bank of England may be used as a settlement account.
2.
Similar accounts held at other central banks.
