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| Definition Of: |
Payment Settlement Message Request
The settlement of TARGET cross-border payments involves the exchange of PSMRs from the sending NCB/the ECB and PSMNs from the receiving NCB/the ECB. The sender of the PSMR requests the receiver to process a payment; this message requires a positive or negative response from the receiver (PSMN). See also: Payment Settlement Message Notification (PSMN)
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
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European Central Bank Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 A: Page 1 of 2.
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