Talk:Clearing (finance)

Example needed
I think a concrete example would be useful to help illustrate the process of clearing. E.g., how exactly, does a futures trade get cleared? What are the issues that could lead to a break, etc. Ronnotel (talk) 14:54, 30 December 2007 (UTC)
 * Exactly my thought. Articles such as these may provide a correct description of the subject, but without an example the article becomes all but impossible to understand. If I find the time to do it, I will try to insert a simple example here. Relrel (talk) 18:48, 10 February 2009 (UTC)

In my line of work at a clearing house, customers are given lines of credit for company-owned charge cards. Payments are expected by the due date although there is no revolving debt. We operate as a middleman between customers and our parent corporation, who owns the retail locations where the cards are used. —Preceding unsigned comment added by 204.110.225.254 (talk) 19:41, 21 July 2008 (UTC)

Agreed. The definition at the top basically says. "Clearing is clearing because clearing is necessary." It's not a definition. 38.140.254.98 (talk) 16:43, 11 December 2017 (UTC)

check-clearing process
Right now the information in Wikipedia on what actually happens after you deposit a check is spread out amongst several different articles. It would be nice to compile all this information into an article on &#8220;clearing of checks&#8221;; this would give me a better understanding of the technical terminology (such as &#8220;holder in due course&#8221;) used in the Uniform Commercial Code. Bwrs (talk) 19:47, 16 February 2012 (UTC)
 * Agreed, I was looking for that information and couldn't really find it. -- Beland (talk) 20:24, 27 March 2013 (UTC)

Confusing sections
I feel this article does not give a good overview of clearing but instead seems to focus on a couple of specific areas which makes the article very unbalanced. The US payment sections should probably be its own article and there is a lot of information about RTGS system, which is already covered in the RTGS page. I feel this article is in need of a major overhaul and splitting out some of the information to its own sections. Sargdub (talk) 00:26, 21 August 2014 (UTC)

Need to distinguish "Clearing" from "Counterparty"
The article lumps two concepts together. Clearing is the technique used for funds movements and checks (cheques). There is no counterparty, no bilateral contract between two member firms, and no use of novation to split that first contract into two. That's the role of a central counterparty. We need to split these into two, and then make sure that all domestic articles (for example, in the US the Clearing House Association aligns with the clearing article, whereas in Europe LHC.Clearnet aligns with central counterparty.WikiDorset (talk) 21:48, 3 April 2017 (UTC)

Suggest we redirect this article to the Clearing house (finance) article
Most of this article is now covered in the Clearing house article.WikiDorset (talk) 18:58, 8 April 2017 (UTC)
 * Let's rename Clearing house (finance) to Cheque clearing, which is what that article covers (except for its lead which belongs in this article). There is another separate article on Central counterparty clearing. This article would then cover all types of clearing and link to those two specific articles from the relevant sections (as it already does). Clearing house (finance) would redirect here. Whizz40 (talk) 03:54, 14 October 2017 (UTC)