Pay/Collect

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Pay/Collect

The exchange of money that occurs between futures traders after all transactions have been marked to market and netted by a clearing house. After the end of a trading day, the clearing house offsets trades against each other so the least possible amount of money actually needs to be transferred. This exchange is called pay/collect, or more properly, payment and collection.
References in periodicals archive ?
According to the analysis of Macedonia's Media Institute, it is almost impossible to pay collect the present monthly fee of 130 denars.