In a deferred net settlement (DNS) system, market participants trade with each other over some predetermined time window and then all trades are netted down at the end of the window through a central ...

Many multinational corporates have a pooling arrangement for the cash balances owned by their various subsidiaries. For example this could be with Bank Mendes Gans in Amsterdam, under Dutch law, with ...

A weekend with friends can end with a lot of small IOUs. Maybe someone buys lunch for the friend who forgot their wallet, while another purchases tickets to a show so everyone sits together. Sorting ...