A cash settlement agent is the bank or other institution through which the monetary side of a payment or securities transaction is completed. It settles amounts owed between system participants, often by making or receiving the relevant account entries, while a separate party may handle trade matching, clearing, custody, or transaction records. Banks and central banks frequently serve in this capacity.
Passende Formel
Source: European Central Bank (ECB) (source). This glossary entry is an independently worded adaptation of the cited information.