deferred net settlement system
Defined in Article 2, Regulation (EU) 2025/1355 of the ECB
Definitions over time (1)
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03/08/2025 – today applies on 12/11/2026 Article 2, Regulation (EU) 2025/1355 of the ECB Scope: Whole act
For the purposes of this Regulation, the following definitions apply:
‘deferred net settlement system’ (DNS system) means a system in relation to which settlement in central bank money takes place on a net basis at the end of a predefined settlement cycle, e.g. at the end of, or during, a business day;