Bank Clearing

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Bank Clearing

The process of settling transactions between banks. Because so many transactions take place between banks on a given day, bank clearing exists to process what each party owes or is owed in a central location so the least amount of money actually changes hands. For example, suppose Bank A owes $1 million to Bank B in cleared checks, but Bank B owes Bank A $1.5 million. Bank clearing is the process of determining that Bank B must only pay Bank A $500,000.

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Clearing bancario Compensacion bancaria			The letter said her details were passed to NatWest Bank clearing centre, which would deal with the payment for the catalogue, but adds "despite telephone calls and correspondence" the payment had not reached its destination. Where is my cash? by Evening Gazette (Middlesbrough, England) But the bank clearing system means that although the funds show as cleared, the con will only be revealed several weeks after the cash was sent. Net fraud warning by The Mirror (London, England) The state of Hawaii, where checks must be physically transported between islands by plane for bank clearing, provides a perfect example of why traditional check-clearing is not cost efficient. Mark Craig, Creator of Image-Based Interbank Check-Clearing Network, ... by PR Newswire			Band-Aid Treatment Banda de flotacion Banda de negociacion historica Bandit Bandwidth Bangkok Stock Exchange Bangladesh Bank Bangtail Bani bank Bank Account Bank Administration Institute Bank Advisory Committee Bank Affiliate Export Trading Company Bank Anticipation Note Bank Anticipation Notes Bank Automated Credit System Bank Bill Bank Branch Bank Burglary and Robbery Insurance Bank Call Bank Capital Bank Card Association Bank Certificate Bank Charge Bank Clearing Bank Collection Float Bank Credit Bank Dealer Bank Debit Bank Delivery Order to an Airline Bank Deposit Bank Discount Basis Bank Draft Bank Endorsement Bank Error Bank Examination Bank Failure Bank for International Settlements Bank Giro Bank Guarantee Bank Holding Company Bank Holiday Bank Identification Number Bank Insurance Bank Insurance Fund Bank Investment Contract Bank Letter of Credit Policy Bank Line Bank Loan Bank Mandate			Bank Capital Bank Capital Bank Capital Bank Capital bank card bank card bank card Bank Card Association Bank Card Associations Bank Card Company Bank Card Security System bank cards bank cards bank cards Bank Cards Network Bank Central Asia Bank Certificate Bank Certificates Bank charge Bank charge Bank Charges Bank Charges bank charter bank check bank check Bank cheque Bank cheque Bank cheque Bank Cheques Bank Cheques Bank Clearing bank clerk bank closing Bank collection float Bank Collection Floats Bank Comfort Letter bank commissioner Bank Commonwealth Institute of Golf Bank Consortium Trust Bank Controller Bank Cost Analysis Model Bank Craps Bank Craps Bank Created Money Bank credit Bank credit Bank credit Bank Credit Analyst Bank credit card Bank credit card Bank credit card Bank Credit Facilities Bank Credit Facilities Bank Credit Facilities Bank Credit Facilities Bank Credit Facilities Bank Credit Facility Bank Credit Facility Bank Credit Facility Bank Credit Facility Bank Credit Facility

Financial Dictionary

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