A commercial bank that is part of a network of banks that can clear checks for its clients regardless of whether or not the check originates from the same commercial bank. Clearing a check means processing it so that funds are deducted from the payer's account and put into the payee's account.
Related information about clearing bank:
- Clearing (finance) - Wikipedia, the free encyclopedia
In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the ...
- What is clearing bank? definition and meaning
Definition of clearing bank: A commercial bank that is part of a network of banks that can clear checks for its clients regardless of whether or not the check ...
- ABN AMRO Clearing
ABN AMRO Clearing. Follow us on. LinkedIn · Twitter. Algemeen. Disclaimer · Privacy · Sitemap · Contact. Copyright © 2012 ABN AMRO Clearing Bank N.V..
- clearing bank - The Free Dictionary
(Economics, Accounting & Finance / Banking & Finance) (in Britain) any bank that makes use of the central clearing house in London for the transfer of credits ...
- clearing bank noun - definition in British English Dictionary ...
clearing bank noun - definition, audio pronunciation, synonyms and more for clearing bank noun: a bank which exchanges cheques with other banks through a ...
- Bank of China's Taipei Branch Picked as Yuan Clearing Bank in ...
Oct 1, 2012 ... By Fanny Liu. TAIPEI--People's Bank of China has given preliminary approval to Bank of China Ltd.'s (3988.HK) Taipei branch to offer yuan ...
- Clearing Bank Agreement - Deutsche Börse AG
The Participant has instructed the Clearing Bank to settle the transactions in ... (1) The Clearing Bank hereby assumes full liability towards Deutsche Börse AG ...
- Bank of Taiwan is chosen as clearing bank for yuan - Taipei Times
Sep 18, 2012 ... The central bank yesterday appointed the Bank of Taiwan's (台灣銀行) branch in Shanghai as the New Taiwan dollar's clearing bank against ...