A simple central clearing system is proposed as a transition before the formation of a larger-scale network of urban rail transit.

在城市轨道交通线网规模尚未形成的情况下，提出自动售检票系统清分中心的过渡方案——小清分系统。

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To raise the operational efficiency of the depository clearing system, it is recommended that a central counterparty mechanism be introduced in.

为提高托管结算体系的运行效率，根据市场客观存在的净额结算和自动融券需求，建议在托管结算后台引入中央对手方机制。

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The clearing document sub-system is the central subject of this paper. It is responsible for generating clearing documents and send them to clearing network.

其中，清算报文子系统是本论文的论述的重点，它负责生成清算报文文件并将其发送到清算网络。

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He also said the Fed is encouraging the development of a central counterparty clearing system for trading in credit default swaps and working on strengthening the resiliency of the short-term secured funding markets that left Bear in the lurch in March.

FORBES: Magazine Article

If these products that got to be so large can have that much impact on systemic risk in the U.S. financial system, I think the dealers have to accept that central clearing and some transparency is a price of wanting to be in those businesses.

FORBES: New York Portfolio Clearing Gets A Leader

The European Central Bank, which ought to see the big picture, is in favour of a clearing and settlement system, or network of systems, within the euro area, but is wary of letting a new monopoly develop.

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