In the case of institutions, the mutual offsetting (balancing, netting out; in older documents for netting also exequation) of interbank liabilities against interbank claims; the remaining balance is settled in central bank money. In contrast, the settlement of balances between companies belonging to the same group is usually referred to as netting. – In Germany, the Deutsche Bundesbank and its branches make themselves available for the settlement of clearing traffic. – See Euroclear, compensation, netting, settlement. – Cf. ECB Annual Report 2001, p. 145 f.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/