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What (who) is West African Clearing House - definition
WIKIMEDIA DISAMBIGUATION PAGE
Clearinghouse; Clearing-house; Clearing-House; Clearing House; Clearing house (disambiguation)
West African Clearing House
WACH (French: Chambre de Cooperation de l'Afrique de l'Ouest, CCAO) provides settlement of payments services among central bank and other monetary authorities in West Africa. WACH was established in 1975 (began operations in 1976); headquarters are in Freetown, Sierra Leone. Membership includes the Central Bank of West African States (representing Benin, Burkina Faso, C"te d'Ivoire, Mali, Niger, Senegal, and Togo) as well as The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mauritania, Nigeria, and Sierra Leone.
Cheque clearing
PROCESS OF EXCHANGING A CHEQUE FOR ITS FUNDS
Cheque clearing (version 2); Bankers' clearing house; Bankers' Clearing House
Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system. This process is called the clearing cycle and normally results in a credit to the account at the bank of deposit, and an equivalent debit to the account at the bank on which it was drawn, with a corresponding adjustment of accounts of the banks themselves.
clearing house
also clearing-house
(clearing houses)
1.
If an organization acts as a clearing house, it collects, sorts, and distributes specialized information.
The centre will act as a clearing house for research projects for former nuclear scientists.
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2.
A clearing house is a central bank which deals with all the business between the banks that use its services. (BUSINESS)
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Wikipedia
Clearing house
Clearing house or Clearinghouse may refer to:
