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 agent

An entity that manages the settlement process  for transfer systems or other arrangements that require settlement. Settlement agent sometimes differs from the owner or settlement institution of the system.

Updated: 1 Sep 2016

Source documents

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settlement agent

An entity that manages the settlement process  for transfer systems or other arrangements that require settlement. Settlement agent sometimes differs from the owner or settlement institution of the system.

Updated: 1 Sep 2016

Source documents

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