Clearing vs Settlement: What Happens Between Payment Initiation and Final Funds Transfer

When a business sends a cross-border payment, two processes determine whether funds arrive: clearing and settlement. The ...
The TRADE

Bank of America provides client clearing at LCH CDSClear

LCH continues to expand membership of CDSClear and its client clearing franchise with Bank of America the latest institution to go live as a clearing broker. Bank of America has cleared its first ...
Business Insider

DailyPay, PNC Bank and The Clearing House Team up to Provide Real-time Access to Earned Pay for Millions of American Workers

NEW YORK, June 15, 2021 /PRNewswire/ -- DailyPay, the leader in on-demand pay, has teamed up with PNC Bank and The Clearing House to offer real-time payments over the RTP ® network, creating the ...
The TRADE

First Korean bank goes live with client clearing at LCH ForexClear

Hana Bank has gone live as the first Korean bank to clear FX derivatives through the London Stock Exchange Group’s LCH ForexClear. LCH ForexClear said Societe Generale will act as Hana Bank’s clearing ...
Crowdfund Insider

Dukascopy Bank, Clear Junction to Provide E-Money Institutions with a Solution for Banking, Payment Needs

Dukascopy Bank and Clear Junction have partnered in order “to provide licensed electronic money institutions and payment institutions with a one-stop solution that satisfies their banking and payment ...