settlement agent

Defined in 2 EU acts of the Finance group: Settlement Finality Directive First CSDR Reference

Settlement Finality Directive, Article 2(d) First adopted 1998-05-19

an entity providing to institutions and/or a central counterparty participating in systems, settlement accounts through which transfer orders within such systems are settled and, as the case may be, extending credit to those institutions and/or central counterparties for settlement purposes

CSDR, Article 2(43) Reference adopted 2014-07-23

Refers to Settlement Finality Directive, Article 2(d).

settlement agent as defined in point (d) of Article 2 of Directive 98/26/EC

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