Difference between revisions of "Final Settlement"
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== Definition == | == Definition == | ||
| − | + | '''Final Settlement''' is the irrevocable and unconditional transfer of an asset or financial instrument, or the discharge of an obligation by the [[FMI]] or its participants in accordance with the terms of the underlying contract. Final settlement is a legally defined moment.<ref>Committee on Payment and Settlement Systems, A glossary of terms used in payments and settlement systems</ref> | |
| − | [[Category: | + | [[Category:Financial Context And Process]] |
== References == | == References == | ||
<references/> | <references/> | ||
Revision as of 23:36, 9 March 2021
Definition
Final Settlement is the irrevocable and unconditional transfer of an asset or financial instrument, or the discharge of an obligation by the FMI or its participants in accordance with the terms of the underlying contract. Final settlement is a legally defined moment.[1]
References
- ↑ Committee on Payment and Settlement Systems, A glossary of terms used in payments and settlement systems
