Financial Clearing definition
Financial Clearing means the daily fiscal processes that are used to send an instruction to the payee that a Transaction has occurred that requires payment of a fixed or determinate amount of money, to obtain the payment from the payee (or an authorized third party such as a bank or credit card issuer), to post any and all accounting entries, to conduct any and all settlements, and to disburse the payment in accordance with the CA Documents.
Examples of Financial Clearing in a sentence
Syniverse Technologies (Financial Clearing) Limited Syniverse Technologies Solutions Limited None.
Such information shall include, but not be limited to, the standard protocol for daily Transaction reports as well as transmission, adjustment, reconciliation, and post Financial Clearing files and records.