The risk that one party to a foreign exchange transaction will pay the currency it sold but not receive the currency it bought. This is also called cross-currency settlement risk or principal risk.
See also:
The risk that one party to a foreign exchange transaction will pay the currency it sold but not receive the currency it bought. This is also called cross-currency settlement risk or principal risk.
See also:
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012