Clearing system: 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 house]] | * [[Clearing house]] | ||
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Latest revision as of 10:22, 29 November 2014
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.
