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George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’
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  5. Clearing Bank

Clearing Bank

Definition of 'Clearing Bank'

Member of the London Bankers Clearing House, which clears cheques, settling indebtedness between two parties.

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Related Terms

Clearing HouseCHAPSCHIPSClearing MemberMargin CallAcceptance CreditBACSCedel BankWire TransferAdvancesBank for Internation SettlementsBank LoanBank of EnglandBank of England RegisterBISBought DealCentral BankConglomerate BankConvertible CurrencyCurrent Account

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