Instead, such systems often utilize an account within the formal banking system to clear and settle transactions internationally.

(a) Settle 3,700 securities trading transactions;

On average, the Unit settles investment transactions worth $1.2 billion a day.

establish mechanisms for regulating the purchase, sale and rental of land and settling mortgage transactions relating to agricultural lands, and for transferring land to competent managing organizations;

(e) The Associação Latino-Americana de Integração's (ALADI's) Agreement on Reciprocal Payments and Credits facilitated financial cooperation to settle trade transactions;

And they can be used to settle small-value offline transactions.

There appeared to be sufficient monitoring controls and segregation of duties between the persons initiating, confirming, approving, settling and recording transactions.

That section states that lawyers fall within the section “to the extent that the lawyer receives funds in the course of that person's business for the purposes of deposit or investment; or for the purpose of settling real estate transactions”.

The differences in exchange rates between the dates of recording the transactions and when actual transactions are settled are recorded in the statement of income and expenditures and changes in reserves and fund balances as gains or losses on exchange.

The differences in exchange rates between the dates of recording the transactions and when actual transactions are settled are recorded in the statement of income, expenditures and changes in reserves and fund balances as gains or losses on exchange.