0 a central office used by banks to collect and send out money and cheques
1 an organization that other organizations use for managing payments relating to buying and selling investments:
2 an organization that is responsible for exchanging cheques between banks:
One advantage of this clearing house model is the possibility to negotiate the size of management fees.
The literature defines a ' clearing house ' as an institution, publicly or privately owned, which centralizes collections and recordkeeping for the second pillar.
The idea was to provide a clearing house for information about available workers and to register those seeking employment.
A separate back-office clearing house can sometimes appear in the guise of a 'middle-office' or 'shared service centre'.
For example, it could provide methodological support, assume a clearing house function, or even develop joint projects.
In many cases, a clearing house is outsourced, either within the public sector or to private sector specialists.
The new panel will act mainly as a clearing house for all the information, statistics and help that is already available.
This suggests that the existence of a central agency or ' clearing house ' is not a sufficient condition for lowering charges/costs.
