Difference between revisions of "Final Settlement"
From Open Risk Manual
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Latest revision as of 14:11, 15 June 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
