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| Definition Of: |
Securities Settlement System
A system which permits the holding and transfer of securities or other financial assets, either free of payment (FOP) or against payment (delivery versus payment). See also: delivery versus payment (DVP) system
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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