BSP and Clearing: Difference between pages
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''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. | |||
== See also == | |||
* [[Accept giros]] | |||
* [[Accounts receivable conversion]] | |||
* [[Clearance]] | |||
* [[Clearing bank]] | |||
* [[Clearing system]] | |||
* [[Settlement]] | |||
* [[CertICM]] | |||
[[Category:Cash_management]] | |||
Revision as of 07:07, 4 June 2015
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.
