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 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

  • Settlement account —   An account number and currency of a beneficiary party to settle the transfer amount in our books …   International financial encyclopaedia

  • Official Settlement Account — A type of account used in balance of payments accounting to keep track of central banks reserve asset transactions with each other. The official settlement account keeps track of transactions involving gold, foreign exchange reserves, bank… …   Investment dictionary

  • Interdistrict Settlement Account — A clearing account that the Federal Reserve maintains to facilitate fund transfers between the 12 Federal Reserve banks located throughout the country. The account is domiciled in Washington D.C. This account is reserved solely for the use of the …   Investment dictionary

  • cash/central settlement account — ( TBF) (CCR) Euroclear Clearing and Settlement glossary 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 Clearing and… …   Financial and business terms

  • exchange settlement account — noun an account held by a financial institution with the Reserve Bank of Australia to settle transactions between themselves and the Reserve Bank, as settling balances between banks arising from the clearing of cheques, and settling transactions… …   Australian English dictionary

  • 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.