Suspicious Payment
A suspicious payment is a payment whose parties, purpose, amount, timing, method, or behavior indicates potential fraud or prohibited activity. Suspicious Payment…
Glossary terms starting with S
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Sustained Throughput
Sustained throughput is the amount of valid, useful transaction work a blockchain can complete continuously over an extended period under realistic conditions.…
Swap Reconciliation
Swap reconciliation verifies that an asset or currency swap was quoted, executed, settled, and recorded correctly across orders, fills, balances, fees, rates,…
Swap Settlement
Swap settlement is the completion of both asset or currency legs of a swap so that each party or account receives the…
Sweep Order
Sweep Order is an aggressive trading instruction designed to access available liquidity across one or more price levels or venues, often with…
Sweep Threshold
A sweep threshold is the balance, value, time, risk, or activity condition that triggers transfer from an operational wallet to another destination.…
SWIFT Payment
A SWIFT payment is a payment instruction communicated between financial institutions over the SWIFT network. SWIFT provides secure standardized messaging, while the…
SWIFT Payment Processing
SWIFT Payment Processing is the preparation, validation, transmission, receipt, and operational handling of payment messages exchanged through the Swift network. Swift provides…
Sybil Attack
A Sybil attack creates or controls many false identities to gain disproportionate influence, rewards, access, or voting power in a network. Sybil…
Synchronous Consensus
Synchronous consensus assumes a known upper bound on message delivery and processing time, allowing participants to use deadlines when deciding progress. These…
Synthetic Identity Fraud
Synthetic Identity Fraud is fraud involving an identity assembled from fabricated information, real personal data belonging to one or more people, or…
Synthetic Token
A synthetic token is a digital asset designed to track the price or economic performance of another asset, index, currency, commodity, rate,…
System Account
A system account is a protocol-controlled account reserved for built-in operations, configuration, fees, or state rather than an ordinary user's private key.…
System Trace Audit Number (STAN)
A System Trace Audit Number is a transaction-tracking identifier used in payment messaging to help trace and reconcile individual transactions. System Trace…
Systemic Risk
Systemic risk is the possibility that failure or distress in one part of a connected system triggers widespread instability or loss. A…
Systemically Important Payment System (SIPS)
A Systemically Important Payment System is a payment system whose disruption could trigger or transmit serious problems across the financial system or…