deferred net settlement system definition

deferred net settlement system. (DNS) means a system which settles on a net basis at the end of a predefined settle­ ment cycle, e.g. at the end of, or during, the business day;
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deferred net settlement system. (DNS system) means a system in relation to which settlement in central bank money takes place on a net basis at the end of a predefined settlement cycle, e.g. at the end of, or during, a business day;
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deferred net settlement system. (DNS system) means a system in relation to which settlement in central bank money takes place on a net basis at the end of a predefined settlement cycle,
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Related to deferred net settlement system

  • Net Settlement Fund means the Settlement Fund less: (i) any Taxes;

  • settlement system means a system established and operated by the Bank to facilitate the transfer of funds for the discharge of payment and settlement obligations between system participants;

  • securities settlement system means a system that enables securities to be transferred and settled by book entry according to a set of predetermined multilateral rules.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Retail Settlement Code means the code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and customers and provides for tracking and facilitating customer transfers among competitive retailers;