Clearing system: Difference between revisions
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A centralised system(also known as a [[clearance system]] or a [[clearing house]]) to settle payments or facilitate transactions between banks and financial counterparties, such as the [[Title transfer|transfer]] of [[Security|securities]]. In the markets, the clearing process is performed by a clearing house. | {{a|glossary|}}A centralised system (also known as a [[clearance system]] or a [[clearing house]]) to settle payments or facilitate transactions between banks and financial counterparties, such as the [[Title transfer|transfer]] of [[Security|securities]]. In the markets, the clearing process is performed by a clearing house. | ||
Examples: | Examples: | ||
*'''Europe''': [[Euroclear]] {{google1|Euroclear}} and [[Clearstream]] {{google1|clearstream}} | *'''Europe''': [[Euroclear]]<ref>{{google1|Euroclear}}</ref> and [[Clearstream]] <ref>{{google1|clearstream}}</ref> | ||
*'''US''': The [[Depository Trust Company]] {{google3|Depository|Trust|Company}} | *'''US''': The [[Depository Trust Company]] <ref>{{google3|Depository|Trust|Company}}</ref> | ||
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Latest revision as of 15:18, 12 May 2023
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A centralised system (also known as a clearance system or a clearing house) to settle payments or facilitate transactions between banks and financial counterparties, such as the transfer of securities. In the markets, the clearing process is performed by a clearing house.
Examples:
- Europe: Euroclear[1] and Clearstream [2]
- US: The Depository Trust Company [3]