clearing bank

listen to the pronunciation of clearing bank
Englisch - Türkisch
ciro bankası
Englisch - Englisch
Any of a network of banks that have a formal arrangement for the exchange of cheques, drafts etc
A bank designated by the member to receive the member's daily net settlement advisement The clearing bank will also conduct funds transfer activities with the net settlement bank and maintain the member's clearing account This bank may be the member itself
The clearing banks are the main banks in Britain. Clearing banks use the central clearing house in London to deal with other banks. one of the banks in Britain that uses a clearing house when dealing with other banks
Any commercial bank that settles corporate and government securities for customers and dealers The clearing bank agrees to deliver and receive securities, taking cash against delivery The bank is usually part of the Federal Reserve so as to be able to utilize the Federal Reserve Bank book entry system for government securities
A bank that is responsible for the transfer of cash and securities on behalf of dealer banks for settled trades Has to be a member of the Federal Reserve System
A bank that is a member of a clearing association for checks For example, all banks in the U S clear through the New York clearing system All English banks clear through the London clearing system Thus, if an English bank sends you a check in U S dollars, it will normally be a check drawn by the overseas bank on its clearing bank in New York This enables the check to clear quicker than if it had to be sent to the bank in London for collection
A British commercial bank which is a member of a bankers' clearing house, through which cheques are cleared
clearing banks
plural form of clearing bank
bank clearing house
place where banks exchange checks and bills and settle their accounts
inter-bank clearing house
general banking institution for settling debts on checks
clearing bank

    Silbentrennung

    clear·ing bank

    Türkische aussprache

    klîrîng bängk

    Aussprache

    /ˈklərəɴɢ ˈbaɴɢk/ /ˈklɪrɪŋ ˈbæŋk/
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