clearing system
[ˈklɪrɪŋ ˈsɪstəm]
nounpl: clearing systems
sistema de compensação
1. A system used by banks and financial institutions to process, verify, and settle financial transactions between different parties, especially checks and electronic transfers
The clearing system ensures that all checks are processed and funds are transferred securely between banks.
O sistema de compensação garante que todos os cheques sejam processados e os fundos sejam transferidos com segurança entre bancos.
2. An infrastructure that facilitates the exchange and settlement of securities, commodities, or other financial instruments
The automated clearing system processes thousands of transactions daily.
O sistema automático de compensação processa milhares de transações diariamente.
The clearing system is a critical infrastructure in both Brazilian and American financial systems. In Brazil, the Central Bank (Banco Central do Brasil) oversees the STR (Sistema de Transferência de Reservas) and other clearing systems. In the USA, the Federal Reserve operates multiple clearing systems that are essential to maintaining financial stability. Both countries rely heavily on automated clearing systems for daily banking operations.
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