Securities settlement system: Difference between revisions

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(SSS). A system which permits the transfer of securities: either  free of payment, such as  free delivery (for example in the case of pledge), or against payment.   
(SSS).  
 
A system which permits the transfer of securities: either  free of payment, such as  free delivery (for example in the case of pledge), or against payment
 
 
Settlement of securities occurs on securities deposit accounts held with a Central Securities Depository (private CSDs or a central bank acting as a CSD) or with a central bank (safe custody operational accounts). 
 
 
In the latter case, the central bank acts as the intermediate custodian of the securities.  The final custodian is normally a CSD.   


Settlement of securities occurs on securities deposit accounts held with a Central Securities Depository (private CSDs or a central bank acting as a CSD) or with a central bank (safe custody operational accounts).  In the latter case, the central bank acts as the intermediate custodian of the securities.  The final custodian is normally a CSD. 
Settlement of cash occurs in an interbank funds transfer system (IFTS), through a settlement agent.
Settlement of cash occurs in an interbank funds transfer system (IFTS), through a settlement agent.


== See also ==
== See also ==
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* [[Custodian]]
* [[Custodian]]
* [[Interbank Funds Transfer System]]
* [[Interbank Funds Transfer System]]


[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Latest revision as of 09:07, 2 July 2022

(SSS).

A system which permits the transfer of securities: either free of payment, such as free delivery (for example in the case of pledge), or against payment.


Settlement of securities occurs on securities deposit accounts held with a Central Securities Depository (private CSDs or a central bank acting as a CSD) or with a central bank (safe custody operational accounts).


In the latter case, the central bank acts as the intermediate custodian of the securities. The final custodian is normally a CSD.

Settlement of cash occurs in an interbank funds transfer system (IFTS), through a settlement agent.


See also