clrc

Example:The clearinghouse processes the payments between the sending and receiving banks.

Definition:An institution that settles financial transactions between financial institutions or businesses.

Example:The clearing center is responsible for the final settlement of payments between the establishing banks.

Definition:A facility that facilitates the clearing of financial transactions or coordinates the clearing process.

Example:The financial clearing organization ensures that all transactions are settled accurately and promptly.

Definition:An organization that clears and settles payment transactions for financial institutions.

Example:The company provides a clearing service for intra-bank and cross-border transactions.

Definition:A service that processes and clears financial transactions between banks or financial institutions.