While employees will have different preference functions, the employer will over time find a market clearing wage.

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Euronext, a continental stock exchange that offers central counterparty and netting services via its clearing house, Clearnet, says it is happy to discuss partnerships with other European clearing houses to find a pan-European solution.

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But he warned that because the way these places were likely to be allocated, a lot of high-achieving students who narrowly miss out on getting their prediction of an AAB could "find themselves in clearing" looking for a place.

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The centre's pass failed to find a friendly hand and Regan King gathered the loose ball, only to then find his attempted clearing kick charged down by Jon Vaughton.

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So what we try to do is find a way to maintain the high levels of risk management of a clearing house, but also provide capital efficiency to the people who are participating in the clearing house arrangement.

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The city also acts as a clearing house for antiques and curios from all over Africa and you will find some amazing pieces here - as well as plenty of fakes!

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