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SETTLEMENT PROCESS OVERVIEW In the financial industry, settlement is generally the term applied to the exchange of payment to the seller and the transfer of securities to the buyer of a trade. It's the final step in the lifecycle of a securities transaction.

Depository transfer checks are a way to ensure better cash management for companies, which collect cash at multiple locations. Data is transferred by a third-party information service from each location, from which DTCs are created for each deposit location.

The Depository Trust Company (DTC), DTCC's central securities depository subsidiary, provides depository and book-entry services and operates a securities settlement system.

The Depository Trust Company (DTC) is one of the world's largest securities depositories. Founded in 1973 and based in New York City, the DTC is organized as a limited purpose trust company and provides safekeeping through electronic record-keeping of securities balances.

Settlement can be defined as the process of transferring of funds through a central agency, from payer to payee, through participation of their respective banks or custodians of funds.

Clearing and Settlement Mechanisms (CSMs) are the processes underlying all payment transactions exchanged between two payment service providers (PSPs). They are invisible to the end-users of the. payment schemes, yet they are indispensable in transferring money from one account to another when two different.

What is Settlement in the Payment Processing World? Simply put, payment gateway settlement is when the bank transfers funds immediately with no waiting. It is the process where the money is transferred or routed from the customer's bank to the merchant's bank.