44 relations: Automated Clearing House, Big Bang (financial markets), Central securities depository, Check 21 Act, Cheque, Cheque and Credit Clearing Company, Clearing house (finance), Clearstream, Custodian bank, Debit card, Delivery versus payment, Dematerialization (securities), Derivative (finance), Electronic Payments Network, Euro Banking Association, Euronext Amsterdam, Federal Reserve System, Fedwire, Finance, Financial crisis of 2007–2008, Financial statement, Financial transaction, G20, LCH (clearing house), London Stock Exchange, Margin (finance), Novation, Over-the-counter (finance), Payment, Payment system, Real-time gross settlement, Set-off (law), Settlement (finance), Settlement date, Society for Worldwide Interbank Financial Telecommunication, Stock transfer agent, Substitute checks in the United States, Systemically important payment systems, T+2, TARGET2, Tax, Trade date, TransferWise, United States Department of the Treasury.
Automated Clearing House (ACH) is an electronic network for financial transactions in the United States.
The phrase Big Bang, used in reference to the sudden deregulation of financial markets, was coined to describe measures, including abolition of fixed commission charges and of the distinction between stockjobbers and stockbrokers on the London Stock Exchange and change from open-outcry to electronic, screen-based trading, effected by Margaret Thatcher in 1986.
A central securities depository (CSD) is a specialist financial organization holding securities such as shares either in certificated or uncertificated (dematerialized) form so that ownership can be easily transferred through a book entry rather than the transfer of physical certificates.
The Check Clearing for the 21st Century Act (or Check 21 Act) is a United States federal law,, that was enacted on October 28, 2003 by the 108th U.S. Congress.
A cheque, or check (American English; see spelling differences), is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.
The Cheque and Credit Clearing Company Limited is a UK membership-based industry body whose 11 members are the UK clearing banks.
A clearing house is a financial institution formed to facilitate the exchange (i.e., clearance) of payments, securities, or derivatives transactions.
Clearstream is a post-trade services provider owned by Deutsche Börse AG.
A custodian bank, or simply custodian, is a specialized financial institution responsible for safeguarding a firm's or individual's financial assets and is not engaged in "traditional" commercial or consumer/retail banking such as mortgage or personal lending, branch banking, personal accounts, automated teller machines (ATMs) and so forth.
A debit card (also known as a bank card, plastic card or check card) is a plastic payment card that can be used instead of cash when making purchases.
Delivery versus payment or DvP is a common form of settlement for securities.
In finance and financial law, dematerialization refers to the substitution of paper-form securities by book-entry securities.
In finance, a derivative is a contract that derives its value from the performance of an underlying entity.
The Electronic Payments Network (EPN) is an electronic clearing house that provides functions similar to those provided by Federal Reserve banks.
The Euro Banking Association (EBA) is an industry forum for the European payments industry with close to 200 member banks and organisations from the European Union and across the world aimed at fostering and driving pan-European payment initiatives.
Euronext Amsterdam is a stock exchange based in Amsterdam.
The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.
Fedwire (formerly known as the Federal Reserve Wire Network) is a real-time gross settlement funds transfer system operated by the United States Federal Reserve Banks that allows financial institutions to electronically transfer funds between its more than 9,289 participants (as of March 19, 2009).
Finance is a field that is concerned with the allocation (investment) of assets and liabilities (known as elements of the balance statement) over space and time, often under conditions of risk or uncertainty.
The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.
Financial statements (or financial report) is a formal record of the financial activities and position of a business, person, or other entity.
A financial transaction is an agreement, or communication, carried out between a buyer and a seller to exchange an asset for payment.
The G20 (or Group of Twenty) is an international forum for the governments and central bank governors from Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union.
LCH is a British clearing house that serves major international exchanges, as well as a range of OTC markets.
The London Stock Exchange (LSE) is a stock exchange located in the City of London, England.
In finance, margin is collateral that the holder of a financial instrument has to deposit with a counterparty (most often their broker or an exchange) to cover some or all of the credit risk the holder poses for the counterparty.
Novation, in contract law and business law, is the act of.
Over-the-counter (OTC) or off-exchange trading is done directly between two parties, without the supervision of an exchange.
A payment is the trade of value from one party (such as a person or company) to another for goods, or services, or to fulfill a legal obligation.
A payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.
Real-time gross settlement systems are specialist funds transfer systems where the transfer of money or securities takes place from one bank to another on a "real time" and on a "gross" basis.
In law, set-off or netting are legal techniques applied between persons with mutual rights and liabilities, replacing gross positions with net positions.
Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against (in simultaneous exchange for) payment of money, to fulfill contractual obligations, such as those arising under securities trades.
Settlement Date is a securities industry term describing the date on which a trade (bonds, equities, foreign exchange, commodities, etc.) settles.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.
A stock transfer agent or share registry or Transfer Agency is a company, usually a third party unrelated to stock transactions, which cancels the name and certificate of the shareholder who sold the shares of stock, and substitutes the new owner's name on the official master shareholder listing.
A substitute check (also called an Image Replacement Document or IRD) is a negotiable instrument used to represent the digital reproduction of an original paper check.
Systemically important payment systems (SIPS) are payment systems which have the characteristic that a failure of these systems could potentially endanger the operation of the whole economy.
In financial markets T+2 is a shorthand for trade date plus two days indicating when securities transactions must be settled.
TARGET2 (Trans-European Automated Real-time Gross Settlement Express Transfer System) is the real-time gross settlement (RTGS) system for the Eurozone, and is available to non-Eurozone countries.
A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.
Trade date is the date on which security trade occurs.
TransferWise is an Estonian developed and UK-based money transfer service launched in January 2011 by Kristo Käärmann and Taavet Hinrikus with headquarters in London and offices in a number of cities including Tallinn, New York and Singapore.
The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government.
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