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 ?
That reduced clearing time from six days to six hours.
Be prepared for reduced check clearing time, and inform residents that their checks may clear more quickly.
With these substantial performance improvements, the new 256GB UFS card significantly reduces multimedia data downloading time, photo thumbnail loading time and buffer clearing time in burst shooting mode, which, collectively, can be particularly beneficial to DSLR camera users.
Sources at Ministry of Science and Technology (MoST) while highlighting the steps on Wednesday said Foreign Manufacturer License Scheme (FML) has also been proposed to benefit importers by reducing clearing time at point of import.
Average clearing time for containerised cargo in Nigeria is from 2 to 3 weeks, while in Ghana, importers spend 2 days for the same purpose.
By incorporating Eaton s Arc Flash Reduction Maintenance System, the solution offers a simple, reliable method to reduce arcing fault clearing time by up to of 75 percent, enhancing safety for operators working in close proximity to downstream equipment.
Designed for ease-of-use in limited workspaces environments such as teller windows, corporate Account Receivables departments or retail checkout counters, the CR-55 Check Transport offers rapid, high quality image capture at first point of presentation to speed check clearing time and reduce overall expenses.