straight-through processing

straight-through processing definition - business

straight-through processing

The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions, which are generally much more costly to settle compared to domestic transactions.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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