Clearing bank: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Category added 9/10/13 and spacing) |
||
| Line 1: | Line 1: | ||
1. | 1. | ||
In relation to facilities provided by a group of banks, the clearing bank is the primary bank which clears and settles a particular customer’s transactions. | In relation to facilities provided by a group of banks, the clearing bank is the primary bank which clears and settles a particular customer’s transactions. | ||
2. | 2. | ||
More generally, a bank which provides clearing services. | More generally, a bank which provides clearing services. | ||
== See also == | == See also == | ||
* [[Clearing]] | * [[Clearing]] | ||
[[Category:Cash_management]] | |||
Latest revision as of 10:04, 9 October 2013
1.
In relation to facilities provided by a group of banks, the clearing bank is the primary bank which clears and settles a particular customer’s transactions.
2.
More generally, a bank which provides clearing services.
