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

The risk, in a financial transaction, that reflects a counterparty's failure to deliver a security or its monetary value (or...

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

A settlement that is effected through transfers of securities and/ or monetary amounts on the registers of a single intermediary...

A convention for calculating yield on a debt security (T-bill, bond, note, etc) that assumes settlement of trade is made…

An index participation unit (IPU) which constitutes a basket product whose components are supported by physical securities. That means this...

The past exit price for a liability. It is the price (exit price) that an entity paid or would have...

In the context of credit default swaps (CDS) and similar credit derivatives, settlement takes place once a credit event (bankruptcy,...

A procedure which is used in certain option and futures transactions whereby a transaction is settled with the cash payment...

An outright cancellation of a part of current and future external debt and equity obligations of a borrower. This constitutes...