top of page

What is the Settlement Finality Directive? (Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems)

The directive is important because it helps companies involved in the payment cycle to understand when they are no longer liable for a payment. It adds clarity for creditors so that they can understood who is liable for a payment when one of the organisations in the payment cycle becomes insolvent.

bottom of page