English version

clearing bank in Banking topic

From Longman Dictionary of Contemporary Englishclearing bankˈclearing ˌbank noun [countable]  BFBone of the banks in Britain that uses a clearing house when dealing with other banks
Examples from the Corpus
clearing bankThere is nothing to stop you doing most of your business with your main clearing bank if the rates are competitive.We believe we have more experience in helping franchisees and franchisors than any other clearing bank.