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.
Collins Dictionary of Law © W.J. Stewart, 2006
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We approached a short list of clearing banks and debt funds to receive a variety of options and maintain competitive tension.
Business owners have increasing capital options at their disposal; Richard Sanders, partner at Catalyst Corporate Finance, discusses the changing face of non-bank lending to the UK mid-market and the growing opportunities for firms to use alternative lenders whilst retaining control
Prior to reform, these systems depended heavily on the clearing banks providing unlimited intraday credit to the institutions entering into tri-party repo and GCF Repo contracts.
The financial plumbing of the GCF Repo[R] Service
Industrial and Commercial Bank of China's Doha branch was appointed as the clearing bank for Yuan deals in an agreement signed in November.
MEED QATAR PROJECTS CONFERENCE TOLD THAT QATAR NMB CLEARING CENTRE TO OPEN IN APRIL
Industrial and Commercial Bank of China's Doha branch has been appointed as the clearing bank for yuan deals in Qatar, China's central bank said on Tuesday.
Qatar to be first Mideast clearing hub for yuan
ICBC Singapore, which was designated as the Yuan clearing bank in Singapore earlier this year, said 49 banks from Singapore and elsewhere opened accounts with it to become participating banks.
ICBC Kicks off Yuan Clearing Bank Services in Singapore
The clearing banks, the main broker dealers, and some of the large cash investors participate every day; one can suspect, then, that implicit relationships and reputation, for example, play a significant role in determining outcomes (Copeland, Martin, and Walker 2010).
Strategic behavior in the tri-party repo market
Its members included senior representatives of the two clearing banks for government securities (J.P.
Report of the Working Group on Government Securities Clearance and Settlement
A decision is thought to be only days away, although the Sunday Telegraph said HBOS would look to position itself as a powerful rival to the big four clearing banks ( HSBC, Royal Bank of Scotland, Barclays and Lloyds TSB ( if it did bid.
`Decision soon' on bid
FOUR men arrested under the Terrorism Act were charged yesterday with conspiring to defraud clearing banks of large sums of money, police said.
Four charged over fraud
Mouleff has also been charged with conspiring with others to defraud clearing banks of large sums of money, a Sussex Police spokesman said.
Man to appear in court
Liverpool branch manager Kevin Cassidy said: ``We are delighted that our customers in Liverpool have endorsed our position as the proven alternative to the large clearing banks in the UK.
Bank is voted top

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