Clearing house interface

Clearing house interface
  A Clearing House is a centralised facility for the exchange of mutual claims by financial institutions with settlement of the net balance. The aim is to provide the branches of a bank with an electronic link to their local clearing house. Tape and/or diskette interfaces may be supported if direct linking is not feasible. See also Collection exchange.
  Clearing House Systems || Country || System
Australia
Belgium CEC.
Canada
Eurobond Cedel and Euroclear.
France
Germany
Italy
Japan
The Netherlands
UK
USA CHIPS

International financial encyclopaedia . 2014.

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