settlement bank agent


settlement bank agent
"An agent is a direct participant in TARGET2 appointed by a settlement bank within the securities settlement system ( SSS) that does not have a direct account in TARGET2 ( in the context of the French market, one also uses the term PR for Participant de Règlement, in order to indicate the Settlement bank agent). Euroclear Clearing and Settlement glossary
An entity that Euroclear Clearing and Settlement glossary
( i) holds an RTGS cash account with a central bank participating in TARGET2; and Euroclear Clearing and Settlement glossary
(ii) has agreed to act as settlement bank agent for one or more settlement banks in accordance with Section 5.2.9 of the Terms and Conditions which contains the terms that are common to all Euroclear CSDs." Euroclear Clearing and Settlement glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • settlement bank agent — An agent is a direct participant in TARGET2 appointed by a settlement bank within the securities settlement system (SSS) that does not have a direct account in TARGET2 (in the context of the French market, one also uses the term PR for… …   Euroclear glossary

  • agent — A party appointed to act on behalf of a principal entity or person. In context of project financing, refers to the bank in charge of administering the project financing. Bloomberg Financial Dictionary For the purpose of the Agent Service, an… …   Financial and business terms

  • Bank of England — Bank of England …   Wikipedia

  • Bank of Lithuania — Lietuvos Bankas (Lithuanian) …   Wikipedia

  • bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… …   Universalium

  • Bank — For other uses, see Bank (disambiguation). Banker and Bankers redirect here. For other uses, see Banker (disambiguation). Banking …   Wikipedia

  • Bank of China (Hong Kong) — Infobox Company company name = Bank of China (Hong Kong) Limited company company type = Public HKSE: 2388; OTCBB: BLYHK (listing is as BOC Hong Kong (Holdings) Limited) slogan = Your premier bank foundation = 2001 location = Hong Kong key people …   Wikipedia

  • Bank TuranAlem — Infobox Company company name = Bank Turanalem (Банк ТуранАлем) company company type = Private foundation = 1925 location = Almaty, Kazakhstan key people = , CEO industry = Finance and Insurance products = Banking revenue = homepage =… …   Wikipedia

  • Debt settlement — Debt settlement, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.[1] Debt settlement is… …   Wikipedia

  • Banking agent — A banking agent is a retail or postal outlet contracted by a financial institution or a mobile network operator to process clients’ transactions. Rather than a branch teller, it is the owner or an employee of the retail outlet who conducts the… …   Wikipedia