Clearing: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson (Link with qualifications page) |
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* [[Clearing system]] | * [[Clearing system]] | ||
* [[Settlement]] | * [[Settlement]] | ||
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[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 10:22, 29 November 2014
Banking.
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.
In the context of securities markets this process is often referred to as clearance.
Sometimes the term is used (imprecisely) to include settlement.
