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In forex (FX) trading, the settlement currency (also referred to as payment currency) is the second currency listed in the currency pair description (example: EUR.USD). The transaction currency multiplied by the exchange rate will indicate the settlement currency amount for the transaction.
FX Settlement. A corporate FX transaction involves a bank, on behalf of their corporate client, paying for the currency it sold at an agreed rate to another bank and receiving a different currency in return for the funds being cleared and settled in the local clearings.
A cross-border settlement is defined as a securities' settlement that takes place in a country other than the country in which one or both counterparties are located. Under these definitions every cross-border trade results in a cross-border settlement, but cross-border settlements can also result from domestic trades.
A cross-border settlement is defined as a securities' settlement that takes place in a country other than the country in which one or both counterparties are located. Under these definitions every cross-border trade results in a cross-border settlement, but cross-border settlements can also result from domestic trades.
A settlement bank refers to a customer's bank where payments or transactions finally settle and clear for customer use. Often times, the (payer) of a transaction will be a customer of a different bank from the receiver, and so an interbank settlement process must occur.
The Payment settlement is the process through which a merchant receives money paid by their end-users for a particular product/service.
As nouns the difference between settlement and payment is that settlement is the state of being settled while payment is (uncountable) the act of paying.
In foreign exchange trading (forex), as in all market trading, to go long means to buy with the expectation that your purchase will rise in value. In forex, the purchase you are making is a currency, and when you go long, you profit when the value rises. When you go short, you profit when the value falls.

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