How does a multilateral settlement system work ?
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Multilateral settlement system is a unique kind of economic system through
which the deficit of one country with another is balanced by its excess production with a third nation. ...
In this way, the deficit from other countries to Britain was balanced with the surplus of the trade from India...
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a settlement system in which each setting participate settles the multilateral net settlement position which results from the transfer made received by it, for its own account and behalf of its customer or non setting participant for which it is acting. this is called multilateral net settlement system.
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