BizTerm Definition
Settlement date
Full Definition

(1) The date on which a contract or transfer is paid to the beneficiary party. (2) An ISO term. 1. ISO Securities Message Types term. The date on which securities or funds are to be/have been exchanged. 6n. 2. ISO Bank Card Originated Messages term. The month and day when funds will be transferred between acquirer, and card issuer or any intermediate network facility.


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