unsettled transaction definition
unsettled transaction means transactions settled through a delivery versus payment (DvP) system, which provides for simultaneous exchange of receivables among counterparties in a transaction. If such a transaction is not settled by the contractual settlement date, the bank is exposed to the risk of loss on the difference between the contractual value of the transaction and the current market value of the transaction which may arise upon its maturity;
unsettled transaction means a transaction that is successfully processed electronically but has not been credited to an intended beneficiary’s bank account;