a mechanism in a special exchange-for-value settlement system. This ensures that the final transfer of one asset occurs if and only if the final transfer of [an]other asset[s] occurs (a mechanism in an exchange-for-value settlement system that ensures that the final transfer of one asset occurs if and only if the final transfer of [an]other asset[s] occurs). Assets may be securities or other financial instruments. – See settlement systems, business continuity program, Euroclear, clearing house, automated, capital transfer system, electronic, contact group for strategic issues in euro payments, retail payments, electronic, trade assignment, remittance system.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/