Atomic Settlement
German: Atomare Abwicklung
Settlement in which all legs of a transaction succeed or fail together within one transaction, eliminating the settlement window but also eliminating netting.
Why people look this up
Post-trade readers weighing the funding cost of instant settlement against reduced counterparty exposure.
Auf Deutsch
Atomare Abwicklung — Eine Abwicklung, bei der alle Teile eines Geschäfts innerhalb einer Transaktion gemeinsam gelingen oder gemeinsam scheitern, wodurch das Abwicklungsfenster entfällt, zugleich aber auch das Netting.
Related terms
Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.