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1. Funds and securities transfers.

In the context of securities transfers, settlement is the exchange of securities between buyer and seller and the corresponding transfer of money between the two contractual parties.

Settlement is usually preceded by confirmations on, among other things, the date and method of exchange and payment.

Settlement is the act that discharges obligation in respect of funds or securities transfers between two or more parties.

2. Pensions.

An irrevocable action that relieves the employer of the primary responsibility for a pension obligation, thus eliminating associated risks.

3. Disputes.

Any action or agreement that resolves or concludes an uncertain or disputed obligation, often including the payment of an agreed cash amount.

4. Trusts.

The disposal of assets via a trust arrangement.

See also