The settlement risk of a foreign exchange trade is the risk that a party pays the currency it sold and does not receive the currency it bought. In its time-zone form, the payment of one leg becoming irrevocable hours before the other leg is due, it is called Herstatt risk.
Quantitative Finance · Glosarium
Apa itu Settlement risk, Herstatt risk?
Dikenal juga sebagai: settlement risk · Herstatt risk