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In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing of payments is necessary to turn the promise of payment (for example, in the form of a cheque or electronic payment request) into actual movement of money from one bank to another.In trading, clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying transaction.

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  • In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing of payments is necessary to turn the promise of payment (for example, in the form of a cheque or electronic payment request) into actual movement of money from one bank to another.In trading, clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying transaction.
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