Party that holds another party’s inventory of financial instruments, and effects or receives deliveries versus payment, or free of payment. Deliveries, receipts, and payments may be effected within the facilities of the global settlement agent, or within the facilities of a local settlement agent, and directed by the global settlement agent. A global settlement agent may be a custodian and/or a clearing broker.
Data from ISO specification
This is the technical data from the specification document.
<businessRole
xmi:id="_PTVFRdp-Ed-ak6NoX_4Aeg_-1944001525"
name="GlobalSettlementAgent"
definition="Party that holds another party's inventory of financial instruments, and effects or receives deliveries versus payment, or free of payment. Deliveries, receipts, and payments may be effected within the facilities of the global settlement agent, or within the facilities of a local settlement agent, and directed by the global settlement agent. A global settlement agent may be a custodian and/or a clearing broker."
registrationStatus="Registered"
xmlns:xmi="http://www.omg.org/XMI" />