Học từ vựng | Vocabulary learning |clearing bank


clearing bank (n)

/ˈklɪr.ɪŋ ˌbæŋk//ˈklɪə.rɪŋ ˌbæŋk/

one of the high street banks that issues and accepts cheques and passes them through the banking system

ngân hàng thương nghiệp

clearing_bank.jpg
All cheques have to be authorised by the clearing bank before being accepted.
The clearing bank efficiently processes thousands of checks daily, ensuring timely and accurate fund transfers between account holders.
As a key participant in the financial system, the clearing bank acts as a central hub for the clearance of interbank transactions.
Businesses rely on the services of a clearing bank to expedite the clearance of payments and improve the efficiency of their financial transactions.
The introduction of electronic clearing systems has significantly enhanced the speed and reliability of fund transfers handled by clearing banks.

Từ vựng khác:

central bank , economies of scale , core business , interest , monetary policy