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ClearingIn telecommunication, the term clearing has the following meanings:
1. A sequence of events used to disconnect a call and return to the ready state.
2. Removal of data from an AIS, its storage devices, and other peripheral devices with storage capacity, in such a way that the data may not be reconstructed using normal system capabilities (i.e. , through the keyboard).
Note: An AIS need not be disconnected from any external network before clearing takes place. Clearing enables a product to be reused within, but not outside of, a secure facility. It does not produce a declassified product by itself, but may be the first step in the declassification process.
Source: from Federal Standard 1037C and from MIL-STD-188 and from the National Information Systems Security Glossary
3. All activities from the time a trade is made until it is finally settled (see settlement). Some of the activities in clearing are reporting/ monitoring, risk margining, netting of trades to single positions, tax handling, failure handling, ...
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Electronic Payment Services Company
Consortium of major banks in Hong Kong dedicated to the use of electronic fund transfers to reduce cash and cheque transactions.
http://www.eps.com.hk/
Canadian Payments Association
Contains the rules used by Canadian deposit-taking financial institutions for clearing cheques and for electronic payments.
http://www.cdnpay.ca/
Association for Payment Clearing Services
Information about UK money transmission, payments and clearings.
http://www.apacs.org.uk/
Clearing House Inter-Bank Payments System
A subsidiary of the New York Clearing House, CHIPS is a bank-owned competitor to FedWire.
http://www.chips.org/
Australian Payments Clearing Association
APCA manages Australian payments clearing and settlement systems, policies, regulations and procedures.
http://www.apca.com.au/
Swiss Euro Clearing Bank
Connects euroSIC, the clearing system for payments in Euro in Switzerland, to TARGET.
http://www.secb.de/
Swiss Interbank Clearing
The central CHF payment system.
http://www.sic.ch/
Committee on Payment and Settlement Systems
The secretariat of the CPSS at the BIS.
http://www.bis.org/cpss/
Electronic Payments Network
Private Automated Clearing House Operator owned and governed by financial institutions that provides processing services for all types of financial institutions.
http://www.epaynetwork.com/
SWIFT
Society for Worldwide Interbank Financial Telecommunication supplies secure messaging services and interface software to wholesale financial entities.
http://www.swift.com/
European Payments Council
Working towards a single payment area in the EU or in the eurozone.
http://www.europeanpaymentscouncil.org/
South Africa - Payments Association of South Africa
providing a safe and sound payment system to the whole South African banking community.
http://www.pasa.org.za/
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