JPMorgan, which acts as Bear Stearns' clearing bank, was a logical choice of rescuer for many reasons.
The republics also discussed a Ukraine suggestion to create an interstate clearing-bank, which would establish exchange rates between republican currencies.
And in Wake County, county tax officials are clearing out bank accounts in order to resolve outstanding tax liabilities on vehicles.
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The new seller then gets paid with that newly created money, which in the bank clearing system, acts just the same as money you and I work for.
He still had not finished writing the clearing house software that the bank desperately needed.
The unit handles the investment bank's clearing and prime brokerage businesses.
As now, anyone paid by cheque will deposit it in their bank, to be sent on to various clearing houses, which route the cheque back to the issuer's bank for payment approval and the transfer of funds.
In 2000, a friend informed him of a bank which desperately needed clearing house software.
Myanmar will start clearing its debt owed to the World Bank and the ADB, with financing from a bridge loan from the Japan Bank for International Cooperation.
Contracts for up to three years are usually managed by an investment bank, which acts as the clearing house for the funds.
The New Yorkers, in turn, will use the Federal Reserve's clearing system to wire the money to a correspondent bank in Memphis.
He also wants information related to the bank's market-making activities and its clearing and settlement procedures.
In the latter half of 2011, the Dubai-based Noor Islamic Bank, under pressure from the US Treasury, stopped clearing Iran's oil money.
Tired of earning profits through conservative business loans, the bank branches out with an aggressive purchase of credit card clearing company in Miami, ICon.
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So, for example, the European Central Bank (ECB) couldn't demand that all financial clearing houses that deal in euros be located in a eurozone economy.
The latest released minutes of the Exchange Fund Advisory Committee reveal that the panel rejected a proposal to dollarize the "aggregate balance" or the total of the clearing accounts banks maintain with the Monetary Authority, the de facto central bank.
Trade settlement between the two countries was hit after India's central bank barred Iran-related payments from being processed through the Asian Clearing Union, a regional clearinghouse which the U.S. says is opaque and could be used by Tehran to finance its alleged nuclear-weapons program.
What is a conservative bank, based in Atlanta, doing making an aggressive acquisition of a credit card clearing company in Miami?
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As things stand, however, Canadian bank charges are lower than those in the United States, and the unified Canadian clearing system is more efficient than America's.
The European Central Bank, which ought to see the big picture, is in favour of a clearing and settlement system, or network of systems, within the euro area, but is wary of letting a new monopoly develop.
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For example, since September 2005, the Federal Reserve Bank of New York has been leading a joint public-private initiative to improve arrangements for clearing and settling trades in credit default swaps and other OTC derivatives.
India's central bank instructed the country's lenders to stop processing current-account transactions with Iran using the Asian Clearing Union, and told Indian firms they couldn't use the mechanism to pay for oil or gas imports.
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