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N

Net settlement

A system which aggregates and offsets multiple payments between banks.

Node

A computational device operated by blockchain network participants to store a copy of all transactional data, check the validity of new blocks and broadcast information to other nodes in the network.

Non-mass market investment

Non-mass market investment either of the following:

(a) a non-mainstream pooled investment;

(b) a speculative illiquid security.

Non-readily realisable security

Non-readily realisable security a security which is not any of the following:

…

(c) non-mass market investment;

…

(e) a deferred share issued by a credit union; or

(f) credit union subordinated debt;

(except in COBS 4.12B, COLL and for the purposes of the definition of non-readily realisable security):

Notifiable concern

Notifiable concern has the meaning in SUP 16.30.7R.


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