Difference between revisions of "Acceptance for Settlement"
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'''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.<ref>Committee on Payment and Settlement Systems, A glossary of terms used in payments and settlement systems</ref> | '''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.<ref>Committee on Payment and Settlement Systems, A glossary of terms used in payments and settlement systems</ref> | ||
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== References == | == References == | ||
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Latest revision as of 14:13, 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
- ↑ Committee on Payment and Settlement Systems, A glossary of terms used in payments and settlement systems
