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multilateral net settlement system
A settlement system in which each settling participant settles (typically by means of a single payment or receipt) the multilateral net settlement position which results from the transfers made and received by it, for its own account and on behalf of its customers or non-settling participants for which it is acting.
See also: direct participant in an IFTS multilateral net settlement position multilateral netting
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
See also: degree of openness , European Economic Area countries , irrevocable and unconditional transfer , ERM , residual maturity |
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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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