From such aspects as transaction process, topology framework, security certification process, settlement route, it points out problems of the present third party online payment mode.

从第三方在线支付的交易流程、拓扑结构、安全认证流程、清算路径等方面来分析，指出目前的第三方在线支付模式存在的问题。

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These efforts include gaining commitments from private-sector participants to automate and standardize the clearing and settlement process, encouraging improved netting and cash settlement arrangements, and supporting the development of a central counterparty for credit default swaps.

FORBES: Transcript

The claims against DTCC have to do with its role in the trade settlement process.

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However, both exchanges follow the same trading mechanism, trading hours, settlement process, etc.

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