What is clearing and why is it important?

Ed Nosal and Robert Steigerwald ()

Chicago Fed Letter, 2010, issue Sep, No 278

Abstract: In the financial market disruption of 2007?08, the once arcane topic of clearing of financial products took center stage in major policy debates. Generally speaking, clearing has to do with the nuts and bolts of the contractual performance of financial products after they have been traded.

Keywords: Clearinghouses; (Banking) (search for similar items in EconPapers)
Date: 2010
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