settling participant (settlement bank; settling member)

What is settling participant (settlement bank; settling member)?

settling participant (settlement bank; settling member) definition and meaning on Finance terms:
A participant which maintains one or more accounts with a settlement agent in order to settle funds or securities transfers on its own behalf or, potentially, for other market participants. See also
settlement agent
tiering arrangement<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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