Clearing system

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Revision as of 10:03, 9 October 2013 by imported>Doug Williamson (Category added 9/10/13 and spacing)
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A set of procedures whereby financial institutions present and exchange data and/or documents relating to funds or securities transfers to other financial institutions.

The procedures often also include a mechanism for the calculation of participants’ bilateral and/or multilateral net positions with a view to facilitating the settlement of their obligations on a net or net net basis.


See also