clearing bank

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clearing bank

a bank that is a member of the Committee of London and Scottish Clearing Bankers. See also CLEARING.
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References in periodicals archive ?
The benefit is a real-time overview of clients' net risk at the clearing bank and at each clearinghouse.
Cinnober launches cross-asset client clearing solution for banks
In the United States, two clearing banks handle tri-party repos: Bank of New York Mellon (BNYM) and JP Morgan Chase (JPMC).
Key mechanics of the U.S. tri-party repo market
Their high street clearing bank was unable to provide the support and flexibility they needed to see them through to better times, and the business began the search for a relationship with a more supportive funder.
Leumi ABL: A leading light g for Midlands businesses; ADVERTISEMENT FEATURE LEUMI ABL
The estimated loss to UK clearing banks and finance companies as a result of their alleged activities is believed to be in the region of pounds 3m.
pounds 3m bank fraud
The White Paper expressed concerns about operational, financial, and structural vulnerabilities associated with the status quo, in which all of the most active market participants are critically dependent on one of two clearing banks for settlement of their trades and financing of their positions.
Announcements
Announcing backing for a campaign by the main banking union BIFU, she said: "Once again it seems Scots families are taking second place to English clearing banks and the London Stock Exchange.
Nats hit at bank hols plan
Since authorized by the PBOC to act as the RMB clearing bank in Singapore in 2013, ICBC Singapore Branch has seen strong growth in RMB clearing business and boosted the development of local RMB market.
China : ICBC Singapore Branch Completes RMB Settlements of over RMB40 Trillion, Driving Rapid Growth of Local RMB Market
Indeed, pledging collateral became standard practice among the small group of securities clearing banks whose customers' activity generated substantial daylight overdrafts.
Daylight overdraft fees and the Federal Reserve's payment system risk policy
BNM adds, With the majority of RMB clearing banks located in advanced economies, the designation of a RMB clearing bank for Malaysia, first emerging economy in Asia outside China, is an important recognition on the important role of Malaysia as a key RMB offshore centre.
China,Malaysia : BNM signs MoU with PEOPLE's BANK OF CHINA on RMB clearing arrangements in MALAYSIA
Sombalu Jeyaganesh, 34, of Allan Drive, Raynhill, Liverpool, and 28-year-olds Ariyakunathasa Pirathesan, of Winsford Avenue, Coventry, and Sivanesan Mayilvaganam, of Garden Avenue, Mitcham, Surrey, have admitted one count of conspiring to defraud clearing banks between January 1 2007, and March 13 this year
Petrol station scam; FRAUD
The Government highlighted the problem more than two years ago, saying the largest clearing banks must no longer "profit from procrastination".
CHEQUE IS STILL IN POST
Wallace brings nearly 30 years of IT experience in Europe and served as the general manager -- Group Information Technology at NatWest, one of the leading UK clearing banks.
IT Industry Veteran John Wallace Joins CopperEye; Wallace to Chair Newly Appointed Executive Advisory Board

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