Translation of clearing bank in Spanish:

clearing bank

banco de compensación, n.


  • 1

    (in UK)
    banco de compensación masculine
    • It is one of the smaller clearing banks.
    • The banking network in the UK is the result of years of evolution by the four main clearing banks.
    • That has always been the situation with the universal banks of jurisdictions like Germany, but in England the clearing banks and merchant banks were for over a century institutionally separate.
    • Much of the recommendations have been acted upon, and in the UK, the Financial Services Authority, Bank of England and clearing banks have all co-operated to raise standards of internal controls and compliance.
    • The clearing banks make tens of millions of pounds every year from these delays.