Question

what do you mean by multilateral settlement system ?

Answer 1

A settlement system in which each settling participant settles (typically by means of a single payment or receipt) the multilateral net settlementposition which results from the transfers made and received by it, for its own account and on behalf of its customers or non-settling participants for which it is acting.

Answer 2

A settlement system in which each settling participant settles the multilateral net settlement position which results from the transfers made and recieved by it, for its own account and behalf of its customer or non settling participant for which it is acting. This is called multilateral net settlement system.