- An account held by a direct participant of a national RTGS system, which is thus registered with its central bank for the purpose of processing payments.
Euroclear glossary. 2008.
Look at other dictionaries:
settlement account — atsiskaitymų sąskaita statusas Aprobuotas sritis kredito ir finansų įstaigos apibrėžtis Lietuvos banko, kitos valstybės narės centrinio banko, Europos centrinio banko, atsiskaitymų tarpininko arba pagrindinės sutarties šalies tvarkoma sąskaita,… … Lithuanian dictionary (lietuvių žodynas)
settlement account — An account held by a direct participant of a national RTGS system, which is thus registered with its central bank for the purpose of processing payments. Euroclear Clearing and Settlement glossary … Financial and business terms
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cash/central settlement account — (TBF) (CCR) Accounts used and maintained by financial institutions on the books of the Banque de France for the functioning of the Transfert Banque de France (TBF) system … Euroclear glossary
settlement — set·tle·ment n 1: the act or process of settling 2 a: an agreement reducing or resolving differences; esp: an agreement between litigants that concludes the litigation the states finally agreed upon a settlement and a consent decree W. J. Brennan … Law dictionary
account stated — account stat·ed / stā təd/ n pl accounts stated: an account presented by a creditor to his or her debtor which by implied or express acceptance has been agreed upon by both parties as correct Merriam Webster’s Dictionary of Law. Merriam Webster.… … Law dictionary