Difference between revisions of "Acceptance for Settlement"

From Open Risk Manual
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== References ==
 
== References ==
 
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Revision as of 13:11, 15 June 2021

Definition

Acceptance for Settlement is the stage in the processing of a Payment at which it has passed all Risk Management and other tests and can be settled under the system's rules and procedures.[1]

References

  1. Committee on Payment and Settlement Systems, A glossary of terms used in payments and settlement systems