Credit clearing
id:
credit-clearing-266-5201083
title:
Credit clearing
text:
Credit clearing is the practice according to which a small group of banks need to make many payments to each other, of adding up the payments and cancelling them out before settling the remainder. While clearing is about waiting for the payment to go through, credit clearing is about cancelling out a payment with one coming in the opposite direction. This process originated between all the banks in London, who would send their checks to the clearing house at the end of each day. After the calcul
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Credit_clearing
date created:
date modified:
2019-12-08T14:46:30Z
main entity:
{"identifier":"Q30671797","url":"https://www.wikidata.org/entity/Q30671797"}
image:
fields total:
13
integrity:
13