to pass through a clearing-house 交换清帐通过票据交换所传递
That would have the added benefit of limiting the damage from a collapse, since the default would pass to the clearing house too.
这么做的额外好处是,一旦某交易者违约,风险会传递给清算所,损失得以控制。
The time taken for transferring instruction to pass between bank branches and clearing centers to enable payment.
转账指令从分行传递至结算中心间到完成付款所需的时间。
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