Business, Legal & Accounting Glossary
CNS. An automated securities settlement system in which a firm uses a clearinghouse and a depository to ensure that each securities transaction request results in one net position and one net cash position. The use of continuous net settlement reduces the risk to both the firm holding the securities and the buyer or seller of the securities by accounting for and tracking the movement of cash and securities involved in a transaction.
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This glossary post was last updated: 20th November, 2021 | 0 Views.