International Economic Terms
English-language economic definitions generated from approved international institutional sources.
- depository
A depository is a securities-market institution that maintains an authoritative ledger of investors' positions, often through accounts operated by intermediaries, and supports the administration of book-entry …
- deposits with an agreed maturity
A deposit with an agreed maturity is an account or instrument that remains outstanding until a predetermined date. Access before that date may be unavailable or …
- designated system
In the European settlement-finality regime, a designated system is an officially recognized arrangement for processing payments or transferring securities whose status has been reported by the …
- digital payment token
A digital payment token is an electronic instrument used to convey monetary value in euro-related transactions. Its value may derive from euro assets or claims, a …
- digital wallet (electronic wallet)
A digital wallet is a technology service that helps a person make electronic payments by managing payment details, authentication data, or tokenised funds. Depending on the …
- direct clearing member
A direct clearing member has its own contractual access to a central clearing house and submits trades directly for settlement, including trades executed by clients it …
- direct debit
Direct debit is a payment method that allows an authorized biller or other recipient to collect money from a customer’s bank account, often on a scheduled …
- direct holding system
A direct holding system records an investor as the holder of securities in the register maintained by the issuer or relevant market infrastructure, rather than showing …
- direct investment (in a b.o.p. context)
Direct investment is an international ownership relationship in which an investor participates sufficiently in a foreign business to help shape its decisions or operations. In balance-of-payments …
- direct link
A direct link is a bilateral settlement arrangement connecting two CSD infrastructures. Under it, one depository maintains a position in the other’s system, allowing members of …