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Time allotted in which it takes the two parties of a transaction to satisfy the transaction’s obligations.
Settlement Period
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Related Terms
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A forward contract is a non-standardized contract between two parties, who enter into an agreement to...
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The forex spot rate (or FX spot rate) is the amount it costs in one currency to buy another currency for...
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Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
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CLS, or continuous linked settlement, is a cross-border payment system for the settlement of foreign...
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Central counterparty clearing houses (CCPs) are financial organizations, often operated by major banks,...
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