Glossary

Updated 17 October 2016

The Committee on Payments and Market Infrastructures (CPMI) provides this glossary of payments and market infrastructure terminology as a reference to the standard terms and definitions used in connection with payment, clearing, settlement and related arrangements. Current definitions are now shown alongside the previous ones. You can generate a PDF version of the glossary here.

settlement bank

Either a central bank or a commercial bank used to effect funds settlements. An FMI typically maintains an account at one or more settlement banks in order to conduct funds settlements between or among its participants.

Updated: 16 Jun 2015

Source documents

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unwind

 Additional terms that are not included in the main glossary can be found in the previous version of the glossary.