What does the World Bank for Clearing mean, and what does Bank Clearing mean

Bank clearing, also known as "transfer bank" and "remittance bank", is a bank that can directly participate in the clearing house for bill clearing. Bill exchange refers to the mutual collection and payment of bills by banks within the same city for mutual clearing. This is a centralized transfer and clearing system.

Generally by ** bank.

Administration, carried out through the clearinghouse. The difference between receivables and receivables increases deposits in ** banks; The difference between the receivables and the receivables is reduced by the amount of the accounts receivable in the bank of **.

The earliest clearing house in the world was the Clearing House in London, England, which was established in 1775. The Bank for International Settlements (BIS) is the leading bank in several countries, along with JPMorgan Bank, which represents the interests of the U.S. banking community, and Citibank in New York and Chicago.

The banking group was formed in May 1930 and was originally created to deal with the First World War.

Post-German compensation payments and related liquidation. The Bank for International Settlements (BIS) began with only seven member countries and now has 41 member countries, covering five continents.

The purpose of the bank has gradually changed to promote cooperation between the best banks in various countries, to facilitate international financial business, and to accept entrustment or handle international clearing business as a leading person. The Bank for International Settlements (BIS) has become the most important addition to the International Monetary Organization.

and the most important international financial institutions outside the World Bank Group.

Extended information] Bank card clearing refers to the process of fund settlement and transfer between banks and banks, and between banks and merchants that accept cards after the bank card holder uses the card to consume or pay bills. Clearing includes bank-to-bank, bank-to-bank, bank-to-bank, business-to-bank, etc.

October 29, 2014, *** executive meeting.

It was decided to further liberalize and standardize the bank card clearing market in a prudent manner, and raise the level of opening up of the financial sector to the outside world. This is of great significance for optimizing the consumption environment, cultivating a competitive market, and coping with WTO rulings. In fact, the pace of foreign investment in China's bank card clearing market is gradually approaching.

In early March 2013, Visa announced that its Beijing representative office had been approved by the Payment and Clearing Association of China to become an observer of the association. At the same time, Mastercard is also allowed to become an observer of the association. This move means that foreign bank cards have one foot in the Chinese market.

The opening up of the bank card clearing market has become the general trend. From Capgemini Consulting, France.

In fact, China is likely to become the world's largest non-cash market in the next five years, according to the Royal Bank of Scotland's latest World Payments Report. And on October 3, the British FT Chinese network.

China will lead the world bank card revolution.

The clearing bank number refers to the ** between banks in the same city, which is mainly used for the clearing business of banks in the same city, and the clearing bank number is 6 digits. If you don't know your clearing bank number, you can directly call the customer service of the card issuer for consultation.

Liquidation method. Intra-city liquidation.

Intra-city bill exchange. Bill exchange, also known as bill clearing, generally refers to an economic activity in which various financial institutions in the same city (or region) exchange and liquidate funds through the bill exchange through the bill exchange in accordance with the specified time and requirements for the bills collected and paid by each other. It is a traditional business of banks, and the bill exchange business not only involves the exchange and clearing of interbank bills, but also involves the use of social funds.

Liquidation of funds. Commercial banks and other financial institutions participating in the clearing house shall mainly adopt the following two methods of clearing funds after the clearing house checks the clearing business of the clearing house on the day (or field) of the billing: 1) Full liquidation.

To put it simply, it is a bank that handles the accounting and clearing business between banks and financial institutions. The People's Bank of China (PBOC) is responsible for the settlement of accounts between banks in China, so the PBOC is a clearing bank.

Bank clearing business refers to the process and method used by banks to settle bilateral or multilateral claims and debts in settlement and payment through accounts or local clearing systems of relevant currencies. According to the geographical division, the clearing business can be divided into domestic interbank clearing and international clearing. There are four common clearing modes: real-time full liquidation, net batch clearing, large-amount fund transfer system and small-time liquidation.

1.Domestic interbank clearing Domestic interbank clearing is divided into intra-system interbank clearing and cross-system interbank transactions according to whether the transaction belongs to the same bank. The clearing of interbank in the system includes national interbank transactions, transactions within the jurisdiction of branches and transactions within the jurisdiction of sub-branches.

Cross-system fund clearing must be handled through the People's Bank of China. 2.International Settlement International settlement business is the process and method used to settle bilateral or multilateral claims and debts in international interbank settlement and payment.

There are two main types of international settlement: internal transfer and exchange.

Summary. The world's three major clearing systems are SWIFT, chips, and CHAPS financial payment and clearing systems; The clearing system is relative to the system or the related institutions that serve the system, usually it is a third-party paid clearing service outside the two independent settlement systems; ”

The world's three major clearing systems are SWIFT, chips, and CHAPS finance, which are the payment and clearing systems of the company; The clearing system is relative to the system or the related institutions that serve the system, and it is usually a third-party paid clearing service between the two independent settlement systems; "Grasshopper.

The world's three major clearing systems are SWIFT, chips, and CHAPS financial payment and clearing systems;

The clearing system is relative to the system or the related institutions that serve the system, usually it is a third-party paid clearing service outside the two independent settlement systems;

The financial payment and clearing system has an understanding of the status of the settlement institution as the "heart" of the market, and the US dollar clearing actively protects the rights and interests and security of the settlement institution as a special legal person from the legal level, and the US dollar clearing should specifically stipulate that the settlement participant, as the co-beneficiary of the settlement business, shall have the corresponding obligation to maintain the normal operation of the settlement institution.

Summary. Expansion: The BOS's fiat currency is the Special Drawing Rights (SDR).

It is an international reserve asset created by the International Monetary Organization** and consists of five baskets of currencies: the US dollar, the euro, the Japanese yen, the British pound and the Chinese yuan. The exchange rate and value of the SDR are maintained and managed by the International Monetary Organization**.

The Bank for International Settlements uses SDR as the base currency in its transactions and clearing.

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The legal tender of the Bank for International Settlements is the Special Drawing Rights (SDR).

Expansion: The BOS's fiat currency is the SDR. It is an international reserve asset created by the International Monetary Organization, which is made up of five baskets of currency differences

US dollar, euro, Japanese yen, British pound and Chinese yuan. The exchange rate and value of the SDR are maintained and managed by the International Monetary Organization**. An international settlement lease is when a bank uses SDR as the base currency in its transactions and clearing.

ICBC acts as a RMB clearing bank in 7 countries including Singapore, Luxembourg, Qatar, Canada, Thailand, Argentina and Russia, and Bank of China acts as a RMB clearing bank in 11 countries and regions, including Hong Kong, Macao, Taiwan, Germany, France, Australia, Malaysia, Hungary, South Africa, Zambia and the United States.

On April 14, 2015, the Industrial and Commercial Bank of China (ICBC) announced that it and the Bank of Qatar** jointly announced the official launch of RMB clearing bank services in Doha, and ICBC Doha Branch became the first RMB clearing bank in the Middle East to be put into operation.

The People's Bank of China officially issued an announcement authorizing Industrial and Commercial Bank of China (Thailand) **** to act as the clearing bank for RMB business in Bangkok. This is also the fifth time that ICBC has obtained the qualification of an overseas RMB clearing bank after Chunshan served as a RMB clearing bank in Singapore, Luxembourg, Doha and Toronto.