bilateral clearing

Definitions

Accounting

• noun the system of annual settlements of accounts between some countries, where accounts are settled by the central banks

Forex

• (written as Bilateral Clearing)
  An account settlement process whereby two governments agree to trade currencies up to a specific value during a time period. The central banks must maintain trade equilibrium between the two countries, thereby may require bilateral clearing to achieve trade balance.

Nearby Definitions of “bilateral clearing”

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Contexts for “bilateral clearing”

2 definitions in context
• Accounting
• Forex