Once all settling bank balances have been acknowledged, DTC through the Federal Reserve’s Net Settlement Service (NSS) will post the applicable debit or credit to the settling banks. Once confirmed by the Federal Reserve, Settlement is considered complete.
Clients may be notified, either through the Settlement Web dashboard or e-mail notifications, when the posting of these final figures has occurred.
Example
A client looks at the Settlement Web Dashboard to confirm final figures have posted.
More Information
- Settlement Processing Schedule (End of Day)
- Settlement Web Help. See the Settlement Web Overview, Using the Dashboard, Events section.