Settlement and reconciliation

Gross and net

Gross is the total of all obligations; net is what remains to be paid after offsetting.

Gross is the full value of the obligations between participants before they are offset. Net is what is left once amounts owed in both directions have been cancelled against each other. Showing both lets a network see the size of its activity and the much smaller amount that actually needs to move.

This term is featured on on 26 October 2026.

Related terms

NettingOffsetting what participants owe each other so only the net amounts move.SettlementCoordinating what participants owe each other so that final positions are agreed and paid.