Unsettled Transaction

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Unsettled Transaction

A sale on which payment has not been made. See also: Clearing House.
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16 million unsettled transactions at one of Japan's biggest commercial banks with a nationwide presence.
Special features include support for recurring and installment payments without the need to store card numbers, the use of multiple business names through a single merchant account, and the automatic reversal of unsettled transactions
In sections 4 b) and c) the effects of varying liquidity on payment delays and the volume of unsettled transactions are studied.
However, even though the level of liquidity is sufficient in normal situations, the extent of delays and unsettled transactions may become significant when a "critical" liquidity level has been reached.
The mission of Vitria Financial Services is to deliver Straight-Through Processing (STP) efficiencies within financial institutions, reducing operating costs while minimizing the risks from open and unsettled transactions.
Confirmation of unsettled transactions with the broker-dealer or counterparty.
By reducing the number of days between trade date and settlement date in the standard securities transaction, the number of such unsettled transactions existing in the clearance and settlement system, and the consequent systemic risk, can be reduced.
Sound practices detailed in the Notice include: heightened firm scrutiny of red flags such as trading limit breaches, unrealized profit and loss on unsettled transactions, unusual patterns of cancellations and corrections, a pattern of aged fails to deliver; increased password security and other protections of firm systems and risk management information; and creating a stronger compliance culture within the firm.
The MES e-Commerce Payment Gateway: 1) Provides merchants with a streamlined Application Program Interface (API) that's easy on a merchant's IT resources and easy to integrate into existing order-entry products, shopping carts, and electronic retail systems, 2) Supports e-commerce, mail order, business-to-business, and card present payment processing needs while enabling transactions to qualify for the lowest possible card association fees, 3) Has special features, such as support for recurring and installment payments without the need to store card numbers, the use of multiple business names through a single merchant account, and the automatic reversal of unsettled transactions, 4) Provides real-time access to transaction activity through a dedicated web-interface.