The auctions will involve "cash settlement", rather than a physical exchange of the underlying bonds, which is needed because the value of swaps far exceeds the face value of those bonds.

拍卖将包含“现金结算”而非优先债券的实物交易。他因互换价值远超过这些债券的账面价值而存在。

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The clearinghouse informs every exchange member of their net settlement status.

清算所将每个交易所清算成员各自的净结算头寸通知他们。

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America's Department of Justice and Securities and Exchange Commission are waiting to see what the company's internal investigations reveal. Magyar Telekom hopes to negotiate a settlement with both.

虽然Magyar电信公司想和美国的司法部及证券交易委员会通过谈判寻求解决方式，但是两部门都在观望等待着Magyar公司内部调查的结果以便采取行动。

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Since then, the problems and expense of reinventing foreign-exchange settlement have often seemed greater than the putative benefits.

ECONOMIST: Foreign exchange

Even so, state and federal officials are nearing a settlement that would release companies like Bank of America and JPMorgan Chase from legal liability in exchange for a cash settlement, reduced payments for homeowners, transition assistance for troubled borrowers and promises to improve performance and comply with state and federal rules.

FORBES: State AGs Never Had A Chance Against Big Banks

The Goldman Sachs Group Inc. is reportedly looking to steer clear of a fraud charge in any settlement it reaches with the U.S. Securities and Exchange Commission, which has accused the bank of cheating investors in its mortgage-backed securities.

FORBES: Goldman Hopes To Avoid Fraud Charge In Any SEC Deal