---
term: "Closed network"
category: "Networks"
url: https://federatedbanking.com/glossary/closed-network
source: Federated Banking™ glossary
---

# Closed network

> A permissioned financial network where only approved institutions and participants take part.

A closed network connects a defined set of trusted participants, such as government departments, banks, pension funds and healthcare organisations, inside one governed financial environment. Membership is controlled, the rules are agreed in advance and every participant sees what concerns them. It suits public programmes, pension ecosystems, consortia and institutional networks.

Related terms: [Permissioned](https://federatedbanking.com/glossary/permissioned.md), [Participant](https://federatedbanking.com/glossary/participant.md)