Clearing is a procedure for financial transactions that involve the timely transfer of funds from one transaction participant to another. Clearing companies often act as intermediaries and match all orders for the purchase and sale of goods or services. The clearing process involves checking the availability of the appropriate funds, registering a money transfer, or delivering securities to the recipient. The transactions that go through clearing organizations allow minimizing accounting errors.
Sign up for the newsletter
Keep up-to-date with all things payments
Thank you for subscribing to our newsletter