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FINANCE|financial institutions and credit|banking · FINANCE|free movement of capital|financial market
sásra imréitigh agus glanta Tagairt Faomhadh an téarma seo mar chuid de Thionscadal Lex
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Verrechnungs- und Abwicklungsmechanismus
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clearing and settlement mechanism | CSM
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Sainmhíniú processes underlying all payment transactions exchanged between two payment service providers (transmitting, reconciling and, in some cases, confirming transfer orders prior to settlement, potentially including the netting of orders and the establishment of final positions for settlement as well as discharging participants’ obligations through the transfer of funds) Tagairt "COM-EN, based on: European Payments Council > What we do > SEPA payment scheme management > Clearing and Settlement Mechanisms, https://www.europeanpaymentscouncil.eu/what-we-do/sepa-payment-scheme-management/clearing-and-settlement-mechanisms [18.10.2018]"