settlement system
[/ˈsɛtəlmənt ˈsɪstəm/]
nounpl: settlement systems
sistema de liquidação
1. A financial system that processes and finalizes transactions between parties, typically involving the transfer of securities, funds, or other assets after a trade or agreement
The settlement system ensures that all transactions are completed and recorded within the required timeframe.
O sistema de liquidação garante que todas as transações sejam completadas e registradas dentro do prazo requerido.
2. In real estate, the legal and administrative process by which property ownership is transferred from seller to buyer
The settlement system requires all necessary documents to be verified before the property transfer is finalized.
O sistema de liquidação exige que todos os documentos necessários sejam verificados antes que a transferência do imóvel seja finalizada.
3. In banking and finance, the infrastructure and procedures used to clear and settle financial transactions between banks and financial institutions
The new settlement system reduces processing time significantly.
O novo sistema de liquidação reduz significativamente o tempo de processamento.
The term 'settlement system' is primarily used in formal financial, banking, and real estate contexts in both Brazil and the USA. In Brazil, it is commonly used by financial institutions (Banco Central, B3 - the stock exchange), while in the USA it is standard terminology in Wall Street, banking regulations, and real estate transactions. The concept reflects the infrastructure modernization in both countries' financial systems.
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