Clearing system: Difference between revisions
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Examples: | Examples: | ||
*'''Europe''': [[Euroclear]] {{google1|Euroclear}} and [[Clearstream]] {{google1|clearstream}} | *'''Europe''': [[Euroclear]] {{google1|Euroclear}} and [[Clearstream]] {{google1|clearstream}} | ||
*'''US''': The [[Depository Trust Company]] {{google3|Depository Trust Company}} | *'''US''': The [[Depository Trust Company]] {{google3|Depository|Trust|Company}} | ||
Revision as of 10:04, 4 September 2017
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: