financial market utility
Defined in 1 place of the United States Code.
The term “financial market utility” means any person that manages or operates a multilateral system for the purpose of transferring, clearing, or settling payments, securities, or other financial transactions among financial institutions or between financial institutions and the person.
Source
- 2010–present12 U.S.C. § 5462Banks and Banking · Definitions · in this subchapter