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HandWiki. Clearing. Encyclopedia. Available online: https://encyclopedia.pub/entry/30807 (accessed on 20 October 2026).
HandWiki. Clearing. Encyclopedia. Available at: https://encyclopedia.pub/entry/30807. Accessed October 20, 2026.
HandWiki. "Clearing" Encyclopedia, https://encyclopedia.pub/entry/30807 (accessed October 20, 2026).
HandWiki. (2022, October 24). Clearing. In Encyclopedia. https://encyclopedia.pub/entry/30807
HandWiki. "Clearing." Encyclopedia. Web. 24 October, 2022.
Clearing
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The content is sourced from: https://handwiki.org/wiki/Finance:Clearing

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.

electronic payment banking clearing

References

  1. Domanski, Dietrich; Gambacorta, Leonardo; Picillo, Cristina (2015-12-06). "Central clearing: trends and current issues" (in en). Bank for International Settlements. http://www.bis.org/publ/qtrpdf/r_qt1512g.htm. 
  2. "The Federal Reserve in the U.S. Payments System". Federal Reserve. http://www.federalreserve.gov/pf/pdf/pf_7.pdf. 
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