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What is clearing and why is it important?


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);

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Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2010

Issue: Sep

Order Number: 278