Hanapin
Clearing house
01
kamarang pangkompensasyon, tahanan ng kapansanan
a financial institution that oversees exchanging cheques and other financial transactions
Example
The clearing house acts as an intermediary between buyers and sellers in financial markets, facilitating the settlement of transactions.
After trading stocks, brokers submit their orders to the clearing house for reconciliation and settlement.
The international clearing house handles transactions between banks from different countries, ensuring smooth and efficient cross-border payments.
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