Clearing: Difference between revisions

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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.  
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.  
In the context of securities markets this process is often referred to as ''clearance''.  





Revision as of 10:54, 16 February 2022

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 'clearing' is used (imprecisely) to include settlement.


See also