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Reversal - Financial definition

Tags: 
Translations:      FR  contrepassation (n.f.) , écriture de contrepartie (n.f.)     ES  contrapartida (n.f.)     DE  Ausgleichsbuchung (n.f.) , Gegenbuchung (n.f.) 

Concise definition of the term reversal

A reversal is a payment correction processed by ICSDs after a client account has been credited. This correction is due to wrong or late information from upstream intermediaries.

Additional information related to this definition

Definition of related term

International central securities depository

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