Settlement account: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source: Bank of England http://www.bankofengland.co.uk/markets/Documents/paymentsystems/boesettlementaccounts.pdf) |
imported>Doug Williamson (Add link) |
||
| Line 14: | Line 14: | ||
* [[Bank of England]] | * [[Bank of England]] | ||
* [[Central bank]] | * [[Central bank]] | ||
* [[Direct participant in an IFTS]] | |||
* [[Gross settlement system]] | * [[Gross settlement system]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[Real-time gross settlement system]] | * [[Real-time gross settlement system]] | ||
* [[Reserves account]] | * [[Reserves account]] | ||
Revision as of 08:42, 31 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.
