Public consultation on glossary of terms related to payment, clearing and settlement systems
Published: 30 September 2008
Deadline: 1 January 2009
On 30 September 2008 the Governing Council launched a public consultation on a glossary of terms relating to the technical aspects of payment, clearing and settlement systems in the EU, defined in a user-friendly and non-legalistic style in order to promote their acceptance.
The glossary is intended to be used to ensure a consistent use of terms in all of the ESCB's publications that relate to payments, clearing and settlement. It would also be available to other institutions of the European Community for reference, if deemed necessary.
With a view to promoting greater acceptance and usage of these terms, market participants were invited to comment on the glossary by 1 January 2009 at the latest. It is intended thereafter to publish the final version of the glossary on the ECB's website.