clearing bank
Britishnoun
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
A consortium of investors led by The Bank of London, a clearing bank, said it had submitted a formal bid.
From BBC ● Mar. 12, 2023
On Sunday, a consortium of investors led by The Bank of London, a clearing bank, submitted a formal bid to buy SVB UK.
From BBC ● Mar. 12, 2023
Former senior U.S. sanctions officials, however, said this confidence was misplaced as the dollars would still have to ultimately go through a U.S. clearing bank in order to convert them.
From Reuters ● Feb. 16, 2022
JPMorgan normally acts as a U.S. clearing bank for lenders operating in Malaysia.
From Reuters ● Apr. 1, 2016
A. This bank might be called strictly a clearing bank.
From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
