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RBA Glossary definition for settlement

settlement – The discharge of obligations arising from fund transfers between two or more parties.

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The Role of Collateral in Borrowing

20 Jan 2021 RDP 2021-01
Nicholas Garvin, David W Hughes and José-Luis Peydró
The funding tightness is also evident from the rapid rise of Exchange Settlement Account (ESA) balances to historical highs around when Lehman Brothers defaulted on 15 September (Figure 2).
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html

Appendix A: Interbank Market Infrastructure

20 Jan 2021 RDP 2021-01
Nicholas Garvin, David W Hughes and José-Luis Peydró
Counterparties negotiate loans directly with each other, and settle them by transferring cash and securities to each others' accounts in the Australian payments and settlements infrastructure. ... accounts. The international regulatory term for this
https://www.rba.gov.au/publications/rdp/2021/2021-01/appendix-a.html

Institutional Background and Data

20 Jan 2021 RDP 2021-01
Nicholas Garvin, David W Hughes and José-Luis Peydró
The funding tightness is also evident from the rapid rise of Exchange Settlement Account (ESA) balances to historical highs around when Lehman Brothers defaulted on 15 September (Figure 2).
https://www.rba.gov.au/publications/rdp/2021/2021-01/institutional-background-and-data.html