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.

rolling settlement

A procedure in which settlement takes place (at least once a day) in a given number of business days after the trade date, thereby limiting the number of outstanding trades and reducing aggregate market exposure. This is in contrast to account period procedures in which the settlement of trades takes place only on a certain day, for example, a certain day of the week or month, for all trades that occurred within the account period.

Updated: 16 Jun 2015

Source documents

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rolling settlement

A procedure in which settlement takes place (at least once a day) in a given number of business days after the trade date, thereby limiting the number of outstanding trades and reducing aggregate market exposure. This is in contrast to account period procedures in which the settlement of trades takes place only on a certain day, for example, a certain day of the week or month, for all trades that occurred within the account period.

Updated: 16 Jun 2015

Source documents

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