What is cash settlement risk?What is cash settlement risk?

Settlement risk, also known as delivery risk or counterparty risk,1ー833ー770ー3158 is the risk that a counterparty (or intermediary agent) fails to deliver a security or its value in cash as per agreement1ー833ー770ー3158 when the security was traded after the other counterparty or counterparties have already delivered security or cash value as per …