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Financial Settlement
Financial Settlement

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!!! Overview
[{$pagename}] is the process of completing a commitment is made for a [Financial transaction] until it is settled.
[{$pagename}] process turns the promise of payment (for example, in the form of a cheque or electronic payment request) into the actual movement of [Currency] from one [Transaction Account] to another [Transaction Account].
[Clearing house]s were formed to facilitate such [{$pagename}] among [Financial Institutions].
!! More Information
There might be more information for this subject on one of the following:
[{ReferringPagesPlugin before='*' after='\n' }]
This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop