Clearing: The process of managing the post-trade actions between trade date and settlement date. This entails transmitting, reconciling and, in some cases, confirming security transfer instructions or payment orders prior to settlement. It can include netting of instructions and calculating final positions for settlement. Clearing can be done formally through a CCP clearing house, or informally directly between buyer and seller. CCP clearing is the process whereby the CCP becomes the buyer to any seller and the seller to any buyer, so the counterparty risk is transferred to the CCP from the actual parties to the trade.

relating to Global Custody:

Cash Management - Direct Access to Domestic Currency Clearing
Clearing - Overdraft Facilities
Clearing - Clearing Services
Clearing house
Clearing - Overdraft Reporting
Clearing - Equity Finance
Clearing system
Clearing - Derivatives Clearing
Clearing - Collateral Management
Clearing - Other Cash FinancingSettlement
Payment
Netting
Counterparty

Clearing at Service Matrix:

https://www.globalcustody.net/perl/servicematrix.pl?servicejump=102,103,117&Country=default

Clearing in our glossary: terms and definitions

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Clearing at globalcustody.net