DEFINITION of 'Continuous Net Settlement - CNS'

An automated book-entry accounting system. CNS centralizes the settlement of compared transactions and maintains an efficient flow of security and money balances.

BREAKING DOWN 'Continuous Net Settlement - CNS'

During the CNS process, there are reports that are generated which document the movements of money and securities. This system provides clearance for instruments like equities, corporate bonds, Unit Investment Trusts and municipal bonds.

  1. Book-Entry Securities

    Book-entry securities are investments such as stocks and bonds ...
  2. Net Settlement

    Net settlement is the resolution of all of a bank's transactions ...
  3. T+1 (T+2,T+3)

    Abbreviations that refer to the settlement date of security transactions. ...
  4. Trade Date

    A trade date is the month, day and year that an order is executed ...
  5. Definitive Securities

    Securities that are issued in the form of a paper certificate ...
  6. Committee On Payment And Settlement ...

    A committee made up of the central banks of G10 countries that ...
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