Clearing system: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
(No difference)
|
Revision as of 14:17, 23 October 2012
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