clearing bank

(redirected from Clearing banks)
Also found in: Dictionary, Wikipedia.

clearing bank

a bank that is a member of the Committee of London and Scottish Clearing Bankers. See also CLEARING.

Mentioned in ?

clearing

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".