Глоссарий

Cash settlement agent - (рус. расчетный агент) - the entity whose assets are used to settle the ultimate payment obligations arising from securities transfers within the CSD. Accounts with the cash settlement agent are held by settlement banks which act on their own behalf and may also offer payment services to participants that do not have accounts with the settlement agent. See also settlement agent.

(Committee on Payment and Settlement Systems "A glossary of terms used in payments and settlement systems", March 2003, англо-русский словарь терминов по депозитарному хранению и клирингу, www.dcc.ru)

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