Clearing (finance)
All activities from the time a commitment is made for a financial transaction until it is settled / From Wikipedia, the free encyclopedia
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In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. This process turns the promise of payment (for example, in the form of a cheque or electronic payment request) into the actual movement of money from one account to another. Clearing houses were formed to facilitate such transactions among banks.
All activities from the time a commitment is made for a financial transaction until it is settled
| Part of a series on |
| Financial markets |
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| Bond market |
| Stock market |
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| Over-the-counter (off-exchange) |
| Trading |
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