Town Clearing

Town Clearing

A computerized system allowing transfers of large payments by companies between banks in the same town or vicinity. Town clearing may be processed after regular clearance systems are done for the day. The system is used in the United Kingdom.
References in periodicals archive ?
Tenders are invited for Providing sewerage facilities in recently approved colonies charkhi dadri town clearing of silt from mps at charkhi dadri town and all other works contingent thereto