dedicated cash account definition
dedicated cash account. (DCA) means an RTGS DCA, a T2S DCA or a TIPS DCA;
dedicated cash account means a demand deposit bank account owned by the local unit and funded solely for use by a disbursing organization in performing its duties and responsibilities in accordance with the contract.
dedicated cash account or “DCA” means an account opened in a euro area NCB for EUR or in the Danish Central Bank for DKK and used for cash payments in relation to securities settlement in T2S;
More Definitions of dedicated cash account
dedicated cash account or “DCA” means an RTGS DCA (Real-time gross settlement DCA), a T2S DCA or a TIPS DCA (TARGET instant payment settlement DCA);
dedicated cash account. (DCA) means a TARGET2-OeNB cash account that account holders use for settling the cash leg of securities transactions in TARGET2 Securities-OeNB;