settlement bank

A Client which is permitted under the Standard Form Agreement it has entered into with a Euroclear Group CSD to make and/or receive payments by means of the (I)CSD Systems as a bank for the account of itself and/or one or more other Clients in connection with the Domestic Service.

Euroclear glossary. 2008.

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  • settlement bank — A Client which is permitted under the Standard Form Agreement it has entered into with a Euroclear Group CSD to make and/or receive payments by means of the ( I)CSD Systems as a bank for the account of itself and/or one or more other Clients in… …   Financial and business terms

  • settlement bank agent — An agent is a direct participant in TARGET2 appointed by a settlement bank within the securities settlement system ( SSS) that does not have a direct account in TARGET2 ( in the context of the French market, one also uses the term PR for… …   Financial and business terms

  • settlement bank agent — An agent is a direct participant in TARGET2 appointed by a settlement bank within the securities settlement system (SSS) that does not have a direct account in TARGET2 (in the context of the French market, one also uses the term PR for… …   Euroclear glossary

  • settlement bank client — A Client who has appointed a Settlement Bank to provide cash services in connection with the Domestic Service. Euroclear Clearing and Settlement glossary …   Financial and business terms

  • settlement bank client — A Client who has appointed a Settlement Bank to provide cash services in connection with the Domestic Service …   Euroclear glossary

  • settlement liquidity indicator — The liquidity position of a client in the system that uses the services of a settlement bank ( i.e. the liquidity position of a settlement bank s client, as above). It reflects the liquidity resulting from the settlement bank client s activity in …   Financial and business terms

  • settlement liquidity indicator — The liquidity position of a client in the system that uses the services of a settlement bank (i.e. the liquidity position of a settlement bank s client, as above). It reflects the liquidity resulting from the settlement bank client s activity in… …   Euroclear glossary

  • settlement liquidity limit — The amount of liquidity or credit which a settlement bank has notified to the CSD as being available to a settlement bank client during each Business Day. Euroclear Clearing and Settlement glossary …   Financial and business terms

  • settlement liquidity limit — The amount of liquidity or credit which a settlement bank has notified to the CSD as being available to a settlement bank client during each Business Day …   Euroclear glossary

  • Bank of America Home Loans — Type Subsidiary of Bank of America Founded 1969 (Countrywide), February 2009 (Bank of America Home Loans) Headquarters Calabasas, CA, USA (Countrywide Financial) Cha …   Wikipedia

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