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Glossary

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Back

Clearing 


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Clearing is one of the most common services in the financial market, especially for interbank transactions.

Content
  • Definition
  • Clearing benefits

Definition

Clearing is a system of non-cash payments for goods or services between parties that have mutual agreements or obligations.

Clearing can take place between companies or countries, and its main purpose is to reduce the number of payments for services or goods provided under a previously concluded agreement, or to reduce the cost of banking operations.

 

Clearing benefits

  1. High speed of work. Without real deliveries of goods or money, the speed of settlements increases significantly.
  2. Availability of insurance and guarantee funds helps reduce clearing risks.
  3. Simplification of interaction with representatives of the parties to the transaction (counterparties), regardless of their location.
  4. Very low maintenance.
  5. No influence on the calculation of price fluctuations.

Despite its advantages, clearing also has the disadvantage of compulsory audits. As a rule, this is necessary if one of the counterparties made a mistake in the calculations. To avoid this, clearing organizations are used.

Clearing organization - any legal entity licensed to carry out clearing and acting as an intermediary between the two parties to the contract.

  • CFD 
  • Clearing House 
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FIBO Group, Ltd. (registered at 2nd Floor, O'Neal Marketing Associates Building, Wickham`s Cay II, P.O. Box 3174, Road Town, Tortola VG1110, British Virgin Islands) is regulated by the Financial Services Commission (FSC) BVI, license registration number: SIBA/L/13/1063.

FONTEN CORPORATION LIMITED (registered number 94046) is registered in Suite 925a, Block 8/9, Europort, Gibraltar. 

Unfortunately the services of the company are not provided to residents of United Kingdom, North Korea and USA. The full list of countries is available in the documents for clients section.

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