commercial bank

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  • noun

Synonyms for commercial bank

a financial institution that accepts demand deposits and makes loans and provides other services for the public

References in periodicals archive ?
We begin by describing the settlement process for GCF Repo positions when both the repo dealer and the reverse repo dealer use the same clearing bank. We break the settlement process into two parts: First, the end-of-day settlement on day t, when the securities are delivered in exchange for cash.
Singapore is the first regional financial center outside China to have a Yuan clearing bank. In China's Hong Kong and Taiwan, the local units of the Bank of China had been picked to clear Yuan transactions in 2004 and 2012, respectively.
Also, we will highlight the crucial role that the clearing bank plays in this game of "withdrawing before the rest," which appears to be a good representation of the situation that was present in the tri-party repo market during the recent financial crisis.
The terrorist attacks demonstrated ways that operational disruptions to a clearing bank's services could disrupt the trading, clearance, and settlement of government securities.
UK clearing bank Barclays Plc has announced plans to give all of its 500,000 customers smartcards by 2002.
ClearBank[R] is a new clearing bank that delivers a new level of open competition and transparency to the UK financial services marketplace.
ClearBank is a clearing bank and was launched in 2017.
China's central bank, the People's Bank of China, will also appoint a yuan clearing bank in Canada as part of a memorandum of understanding, said the statement.
The benefit is a real-time overview of clients' net risk at the clearing bank and at each clearinghouse.
Under the arrangement, EMCFa[euro](tm)s current owners ABN AMRO Clearing Bank NV and Nasdaq OMX Group Inc (NASDAQ:NDAQ), as well as EuroCCPa[euro](tm)s owner The Depository Trust & Clearing Corporation (DTCC) along with BATS Chi-X Europe, will become equal shareholders of the new player.
Collateral allocation is also complicated by the need for coordination between the Fixed Income Clearing Corporation (FICC), which clears some interdealer repos, and the clearing bank, which facilitates the settlement of tri-party repos.
Their high street clearing bank was unable to provide the support and flexibility they needed to see them through to better times, and the business began the search for a relationship with a more supportive funder.
The Hong Kong arm of the Bank of China has defeated five rival banks and won the right to act as the clearing bank for China's yuan currency services in Hong Kong, the Hong Kong Monetary Authority said Wednesday.