National Settlement Service (NSS)
nounid
3328·updated Aug 30, 2026verified· unreviewed
Also referred to as Deferred Net Settlement. The Federal Reserve Banks' multilateral settlement service. NSS is offered to depository institutions that settle for participants in clearinghouses, financial exchanges, and other clearing and settlement groups. Settlement agents acting on behalf of those depository institutions electronically submit settlement files to the Federal Reserve Banks. Files are processed on receipt, and entries are automatically posted to the depository institutions' Reserve Bank accounts. Entries are final when posted.
MWE
Attested in
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Classifications
Entity Type
Organization0%rule-basedmulti_axis_classifier_low_confidence.v1
Sensitivity
Regulated80%llm-generatedllm:claude-haiku-4-5
Information Class
—60%llm-generatedllm:claude-haiku-4-5
Variants
- plural
- National Settlement Service (NSS)S
- possessive
- National Settlement Service (NSS)'s
- pluralpossessive
- National Settlement Service (NSS)S'
Framework definitions
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- Also referred to as Deferred Net Settlement. The Federal Reserve Banks' multilateral settlement service. NSS is offered to depository institutions that settle for participants in clearinghouses, financial exchanges, and other clearing and settlement groups. Settlement agents acting on behalf of those depository institutions electronically submit settlement files to the Federal Reserve Banks. Files are processed on receipt, and entries are automatically posted to the depository institutions' Reserve Bank accounts. Entries are final when posted.
- §1 · legacy_primary
- Also referred to as Deferred Net Settlement. The Federal Reserve Banks' multilateral settlement service. NSS is offered to depository institutions that settle for participants in clearinghouses, financial exchanges, and other clearing and settlement groups. Settlement agents acting on behalf of those depository institutions electronically submit settlement files to the Federal Reserve Banks. Files are processed on receipt, and entries are automatically posted to the depository institutions' Reserve Bank accounts. Entries are final when posted.DR-088 backfill from the noun definition column
Outgoing relationships
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Incoming relationships
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