Clearing and Court of Justice of the European Union: Difference between pages

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''Banking''.
''European Union law''.


The process of transmitting, reconciling and, in some cases, confirming payment orders or security transfer instructions prior to settlement, possibly including netting of instructions and the establishment of final positions for settlement.  
(CJEU).


In the context of securities markets this process is often referred to as clearance.  
The Court of Justice of the European Union interprets EU law to make sure it is applied in the same way in all EU countries, and settles legal disputes between national governments and EU institutions.


Sometimes the term is used (imprecisely) to include settlement.
It can also, in certain circumstances, be used by individuals, companies or other organisations to take action against an EU institution, if they feel it has infringed their legal rights.
 
The CJEU consists of:
*The Court of Justice (also known as the European Court of Justice) and
*The General Court.




== See also ==
== See also ==
* [[Accept giros]]
* [[Brexit]]
* [[Accounts receivable conversion]]
* [[European Union]]
* [[Clearing bank]]
* [[euro zone]]
* [[Clearing system]]
* [[European Commission]]
* [[Settlement]]
* [[European Council]]
* [[European Economic Area]]
* [[European Parliament]]


[[Category:Cash_management]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 10:56, 2 May 2018

European Union law.

(CJEU).

The Court of Justice of the European Union interprets EU law to make sure it is applied in the same way in all EU countries, and settles legal disputes between national governments and EU institutions.

It can also, in certain circumstances, be used by individuals, companies or other organisations to take action against an EU institution, if they feel it has infringed their legal rights.

The CJEU consists of:

  • The Court of Justice (also known as the European Court of Justice) and
  • The General Court.


See also