An asset used for the discharge of settlement obligation as specified by the rules, regulations, or customary practice for a payment system. In other words, settlement assets are the assets that the participants receiving the payments ends up holding when the payment obligation is fully extinguished. (The asset which is transferred among payment system participants to settle payment obligations is settlement asset. For example, participants' deposit balances in central bank accounts is a kind of settlement asset.)[1]
An asset used for the discharge of settlement obligation as specified by the rules, regulations, or customary practice for a payment system. In other words, settlement assets are the assets that the participants receiving the payments ends up holding when the payment obligation is fully extinguished. (The asset which is transferred among payment system participants to settle payment obligations is settlement asset. For example, participants' deposit balances in central bank accounts is a kind of settlement asset.)[1]