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1. Remittances - cheques.

When a remittance clears through the banking system, it results in an increase in the cleared balance in the payee's account, which they can then draw down against.

2. Securities - derivatives contracts - counterparty risk - clearing.

To act as a central counterparty to facilitate market transactions and reduce counterparty risk.

3. Adjective - disclosure - reporting.

Appropriately complete and easy to understand.

See also