System whereby the total value of banknotes delivered by a financial institution to the central bank will be credited on the same day the delivery is made, even if the veracity and accuracy of the information provided is not verified by the detailed counting and validation of the delivered banknotes. The system involves the The discharge of an obligation in accordance with the terms of the underlying contract. In e-transfers the settlement may take days, whereas cash settlements are instantaneous and irreversible. of any differences on the account of the financial institution at the central bank. See also Operation by which the central bank, after checking and counting the banknote delivery from a banking entity, credits or debits the entity’s account with the difference, if any, in relation to the amount initially credited. See Pending counting..