Sentence examples for clearing bank from inspiring English sources

The Observer can reveal that according to Russian intelligence sources a 'maffiya'-controlled firm, Arbat International, is a 20percentnt shareholder in TEMBR bank, the clearing bank of UES, the electricity group which Chubais runs.

"Gala Coral Group failed to conduct adequate inquires about the source of funds the customer used to gamble in store and online, and placed over-reliance on the fact that the relevant payments were all made through one UK clearing bank account," it added.

The Bank of England has appointed one of China's "big four" banks as the Chinese currency clearing bank in London.

Certainly Bank of Scotland, the oldest British clearing bank, has a better track record.

JPMorgan was Merrill's clearing bank, too.

The Fed moved in with emergency funding, using JPMorgan Chase, Bear's clearing bank, as a conduit.

Clearinghouses were the precursors to contemporary institutions such as clearing banks, automated clearinghouses, and the Bank for International Settlements.

The current securities market infrastructure includes a central securities depository for immobilized and dematerialized securities, and clearing banks and clearing agencies for making payments and delivering securities.

The UK banking system boasted clearing banks often with a regional bias and strong understanding of local needs.

This week HSBC, a huge international bank, set a precedent for the other three big clearing banks by joining the mortgage price-war started last year by Internet banks.

These trades take place through JPMorgan and BNY Mellon, which are called clearing banks in the repo market because they handle the payments underlying the trades.