Search: Clearing
RBA Glossary definition for Clearing
Clearing – The process of transmitting, reconciling and in some cases confirming payment instructions prior to settlement; it may include netting of instructions and the calculation of final positions for settlement.
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Summary
11 Feb 2020
DOCX
175KB
4: NPP Australia, eftpos Australia and AusPayNet (which is responsible for Australian Payment Clearing System, Bulk Electronics Clearing System, Issuers and Acquirers Community, High Value Clearing System, Australian Cash and Distribution
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX