clearing

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clearing

the process by which the cheques drawn on clearing banks are exchanged and the differences between what is due from and to each bank are settled daily by transfers between the accounts of such banks with the Bank of England.
References in periodicals archive ?
It has been alleged that the customs officials conspired with the customs house clearing agent and importers and did not examine the consignments properly after comparing the imported goods with the packing list.
MUSCAT: Clearing agents at the Sultan Qaboos Port want the authorities to regulate the operations of shipping companies, especially on issues ranging from what they say "unpredictable handling charges" to "cargo clearing delays".
Citi is proud to be chosen as the clearing agent for the Caisse," said Jerome Kemp, Global Head of Futures and OTC Clearing.
We no longer have anything to do because goods are cleared at the point they first entered," lamented Ugandan clearing agent Ashat Nabukwa.
Limited Tenders are invited for Empanelment Of Clearing Agent
Arslan Subuctageen, the export consignment bound of Japan of exporter M/s B2B treaders, Sialkot and clearing agent Leo?
Official sources said that the exporter with the convenience of PRAL staff and custom clearing agent fed quantity of 1323 M.
The bank is to continue as the clearing agent for real-time gross settlement (RTGS) transactions in the Philippines, providing settlement for all US dollar RTGS transactions, US dollar netting transactions and all payment versus payment foreign exchange transactions.
The ship had come under investigation, after security agencies raised an alarm when discrepancies were found in the cargo lists provided by the ship's captain and the clearing agent.
The Company announced that the arrangements between its wholly owned subsidiary, Dematco Limited, and BBLS Limited, an FSA regulated company in the UK, now include access to the SWIFT network, the worldwide clearing agent, for entry into a variety of clearing systems for the electronic form of the product.
Innocent Masiga, a clearing agent, addresses journalists at the Busia border on February 23, 2018.