settlement
as defined in Regulation (EU) No 909/2014 of the European Parliament and of the Council of…, Article 2(1), point (7) (Definitions)
the completion of a securities transaction where it is concluded with the aim of discharging the obligations of the parties to that transaction through the transfer of cash or securities, or both
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Also defined in
- Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of… 32010R1031, Article 3, point (34)
payment by a successful bidder, or its successor in title, or a central counterparty, or a settlement agent of the sum due for allowances to be delivered to that bidder or its successor in title, or a central counterparty, or a settlement agent, and delivery of the allowances to the successful…