Settlement (economy)

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In business administration, the term processing generally refers to the fulfillment ( legally compliant processing ) of a legal transaction ; In a figurative sense, it can also refer to the orderly liquidation of a company.

General meaning

Specifically, settlement means the execution of a commercial transaction or other transaction in the sense of the phrase " settle a deal ". Special forms are the booking processes between business and / or central banks (processing of payment transactions ) and business transactions in finance ( settlement in securities , derivatives or foreign exchange trading ). In financial management , this designation is therefore also transferred to the department that is responsible for the confirmation and payment transactions of a financial instrument . The tasks, responsibilities and processes of this department are described in the article Processing (Financial Management) .

The reversal of the legal transaction is the reversal .

liquidation

Also referred to handling the credit processing in the lending business , the attempt by the realization of open demands from bad loans as well as the ordered set a discontinued or discontinuing organization , for example a to liquidating company . After reviewing all - Here, assets and liabilities - all outstanding financial operations under a supervision ( insolvency or bankruptcy trustee handled) controlled. The end of the liquidation of a dissolved company is the final closing of the cash book . In the case of production companies, one also speaks of the closure of a plant. The analogous process in fiduciary institutions is, for example, in German law the settlement of a law firm , the support of the clients of a former lawyer.

See also

  • Settlement Directive - EU directive on the resolution of banks and financial institutions

Web links

  • Keyword processing in the Gabler Wirtschaftslexikon (online).