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DEMAT

A short form for dematerialisation/ dematerialization; the process that eliminates physical records (certificates or documents) of title indicating ownership of...

Dematerialisation

The process that eliminates physical records (certificates or documents) of title indicating ownership of financial assets, such as bonds and...

Survivors Pay

A loss-sharing arrangement whereby participants agree that, in the event of a participant’s inability to settle its obligations (e.g., to...

Payment Lag

In relation to a transfer system, it refers to the span of time (lag) between the acceptance of the transfer...

Settlement Lag

In relation to a transfer system, it refers to the span of time (lag) between the acceptance of the transfer...

Physical Delivery

The delivery of an asset such as a commodity or instrument, in physical form. This term is used specifically in...

Settlement Asset

An asset or a claim on an asset that is accepted by a beneficiary (in a financial transaction) as a...

Pledge

The posting of assets for the purpose of securing the performance of or delivery on, an obligation by one party…

NCC

It stands for net credit cap; an upper or maximum limit (cap) that is placed on the credit exposure (credit...

Net Credit Cap

An upper or maximum limit (cap) that is placed on the credit exposure (credit risk) which a participant (e.g., a...