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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
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Banking INDEX:List of Terms: Terms beginning with "A", Page 1 |
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