Introduction To Clearance And Settlement As Blockchain Application In Finance Training Ppt
This slide illustrates an overview of clearance and settlement as blockchain applications in finance. Clearance begins with financial institutions sending payment messages over the payment network. The payment network distributes these messages and other associated information to the participating financial institutions for accurate processing of payment instructions. In contrast, the settlement process is needed as financial institutions of the payer and the payee may be different and have different clearing procedures.
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