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continuous net settlement (CNS)

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continuous net settlement (CNS)
The settlement of securities transactions among brokers and dealers in which all transactions are netted out by the National Securities Clearing Corporation in order to minimize the movement of physical certificates and money balances. With continuous net settlement, only net settlement balances need be moved. For example, if during a day of trading, Merrill Lynch purchases 1,000 shares of SBC Communications for one customer and sells 1,000 shares of SBC Communications for another customer, Merrill Lynch will have a zero net settlement in this stock, with no movement of securities required.


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NSCC's Continuous Net Settlement (CNS) lowers the risk for market participants by reducing the financial obligations requiring settlement through netting.
DTCC Announces Unprecedented Boost in Daily Processing Capacity by Business Wire
Aside from completing trade reporting and processing this activity through its Continuous Net Settlement (CNS) system, NSCC's risk management systems apply sophisticated tools to monitor the markets, identify stocks with significant price changes, and ensure that members have sufficient funds on deposit to cover intra-day price moves, all the while maintaining contact with both member firms and regulators.
DTCC Protects Industry; Managing Record Volume and Volatility During ... by Business Wire
The service will be implemented in two phases: Continuous Net Settlement (CNS) buy-in intents, orders, re-transmittals and executions will be implemented in the fourth quarter of 2005, and non-CNS buy-in functionality will be implemented next year.
DTCC Will Automate and Streamline Buy-in Notification For Securities by Business Wire
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