Procedures through which financial institutions submit and exchange data and documents on payments or transfers of securities (arrangements used to facilitate the settlement of transfers of funds, assets or financial instruments). In most cases, the procedures also include rules for calculating participants‘ bilateral and multilateral net positions. Such netting simplifies the settlement of transactions by reducing a large number of individual positions to a smaller number. The ECB is working to standardize systems across Europe. – See Clearstream Banking Frankfurt, (securities) giro system, cross-guarantee system, framework for assessing securities settlement systems, check collection system, image-based, Society for Worldwide Interbank Financial Telecommunication, trade assignment, transfer, cross-system, depository, securities settlement systems, central securities depository. – Cf. ECB Monthly Report of April 2002, pp. 51 ff., Deutsche Bundesbank Monthly Report of September 2005, pp. 45 ff. (detailed presentation of the various systems).

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

Kommentare geschlossen.