Clear
From ACT Wiki
1. Remittances - cheques.
When a remittance clears through the banking system, it results in an increase in the cleared balance in the payee's account, which they can then draw down against.
2. Securities - derivatives contracts - counterparty risk - clearing.
To act as a central counterparty to facilitate market transactions and reduce counterparty risk.
3. Adjective - disclosure - reporting.
Appropriately complete and easy to understand.
See also
- Acceptance
- Central clearing
- Central clearing party
- Cheque clearing
- Clean
- Clearance
- Cleared balance
- Clearing
- Clearing bank
- Clearing house
- Clearing member
- Clearing system
- Corporate governance
- Derivative instrument
- Disclosure
- Draw
- Financial reporting
- Opaque
- Payee
- Presentment
- Remittance
- Security
- Transparent