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Clearing system |
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Clearing systemAn arrangement among financial institutions for carrying out the transactions among them, including cancelling out offsetting credits and debits on the same account.Similar MatchesClearingClearingThe process of moving payments between accounts from different banks or branches.A term used on futures and options exchanges which refers to the process of registration, settlement and provision of a guarantee of exchange traded transactions. Clearing house fundsClearing house fundsFunds from the Federal Reserve System, requiring three days to clear, that are passed to and from banks. Recognised Clearing HouseRecognised Clearing HouseA clearing house which meets the requirements for recognition under the Financial Services Act 1986 and is approved by the Financial Services Authority (FSA). Automated Clearing House (ACH)Automated Clearing House (ACH)A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float. Credit clearingCredit clearingA system for the distribution of bank giro credits and other credits between banks to enable funds to be transferred into specified accounts. Further Suggestionsinter bank clearingClearing member Mortgage Backed Securities Clearing Corporation (MBSCC) Options Clearing Corporation clearing house automated payment system Clearing House Automated Payments System (CHAPS) London Clearing House Nonclearing member clearing house interbank payment system Options Clearing Corporation (OCC) National Securities Clearing Corporation (NSCC) Bankers Automated Clearing Services Clearinghouse Check clearing Market clearing Clearing House Electronic Subregister System (CHESS) Joint clearing members Clearing corporations Market clearing clearing house Clearing House Interbank Payments System (CHIPS) National Securities Clearing Corporation cheque clearing inter branch clearing |
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