- Payments Clearing and Settlement
- Сокращение: pacs ((ISO 20022 Universal financial industry message scheme))
Универсальный англо-русский словарь. Академик.ру. 2011.
Payments Clearing and Settlement
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Australian Payments Clearing Association — The Australian Payments Clearing Association (APCA), established February 1992, is an organization that sets, manages and develops regulations, procedures and standards governing payments clearing and settlement within Australia. The APCA is a… … Wikipedia
Clearing (finance) — In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying… … Wikipedia
Clearing house (finance) — A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as… … Wikipedia
clearing — The procedure through which CME Clearing becomes the buyer to each seller of a futures contract, and the seller to each buyer, and assumes responsibility for protecting buyers and sellers from financial loss by ensuring buyer and seller… … Financial and business terms
settlement — The clearinghouse practice of adjusting all futures accounts daily according to gain or loss from price movement is generally called settlement. The CENTER ONLINE Futures Glossary (1) Noun The standard number of days between the date that a… … Financial and business terms
clearing house — An adjunct to a futures exchange through which transactions executed on its floor where trades are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and… … Financial and business terms
settlement date — The agreed upon date for transferring funds to complete a transaction. For example, the date of both the delivery of and the payment for a security. American Banker Glossary The date on which payment is made to settle a trade. For stocks traded… … Financial and business terms
Settlement Finality Directive — Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payments and securities settlement systems. Euroclear Clearing and Settlement glossary … Financial and business terms
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 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 risk — is the risk that a counterparty does not deliver a security or its value in cash as per agreement when the security was traded after the other counterparty or counterparties have already delivered security or cash value as per the trade agreement … Wikipedia
