GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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14:25 Dec 2, 2020 |
Spanish to English translations [PRO] Bus/Financial - Finance (general) / Regulations of central clearing party | |||||||
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| Selected response from: patinba Argentina Local time: 12:00 | ||||||
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3 +3 | net settlement |
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net settlement Explanation: Your definition is clear that purchases are offset from sales, leaving a net amount for each broker, etc. -------------------------------------------------- Note added at 6 hrs (2020-12-02 21:13:31 GMT) -------------------------------------------------- Net settlement in clearing house context: Net settlement From Wikipedia, the free encyclopedia A net settlement is a payment system used for inter-bank transactions. It is the process by which banks calculate the collective total of all transactions through designated times each day. In an inter-bank payment system using net settlement, debits and credits are recorded and only the difference between the debits and the credits (the net position) is actually paid between the parties. In most payment systems this netting will take place on the clearing house books between the designated settlement times with final settlement of the net positions occurring when funds are debited or credited on its reserve account at a central bank. |
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