Acceptance for Settlement
From Open Risk Manual
Revision as of 14:13, 15 June 2021 by Wiki admin (talk | contribs)
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
