the clearing institution is the institution responsible for managing and executing the liquidation, and the regulations vary from country to country. Western countries and some developing countries often designate the central bank as the bank in charge of the agreement, and then the central bank authorizes commercial banks to handle specific settlement business.
the central bank is in charge of the balance of payments of foreign exchange for bookkeeping in the payment agreement, determining the currency for bookkeeping, opening a clearing account and specifying the amount of account swing, etc., while commercial banks handle the specific settlement methods under the agreement, such as the opening of letters of credit, payment, notice of arrival of letters of credit, negotiation of documents, settlement and transfer of foreign exchange, remittance and settlement of non-trade receipts and payments.
in eastern European countries and most developing countries, specialized foreign exchange banks are generally designated as clearing institutions, which are in charge of both the implementation of payment agreements and the specific clearing business.
liquidation is a procedure, including calculation and verification, to end the existing legal relationship, dispose of its remaining property and make it disappear. Liquidation is a legal procedure, and when an association is cancelled, it must be liquidated. The act of terminating itself without liquidation has no legal effect and is not protected by law.
in a narrow sense, liquidation is different from settlement. Liquidation does not involve the transfer of creditor's rights and debts, but settlement is the transfer of creditor's rights and debts.
in a broad sense, settlement is a generalization of liquidation.
the meaning of liquidation:
the meaning of the word "liquidation", words and words. "Meaning" and "meaning" have exactly the same meaning, meaning, intention, name, broad sense and narrow sense.
refers to the calculation of accounts receivable and accounts payable caused by certain economic behaviors.
when the company ends its business activities, it calculates the sum of actions such as debt collection and property distribution.
monetary funds: owned assets in monetary form, including cash, bank deposits and other monetary funds.
accounts receivable: based on the limitation, within the international system, system, national system, system, standard and scope, the assets in the form of money that users should acquire in the future, including cash, bank deposits and other monetary funds, including any articles, commodities and labor products that can be exchanged for funds.
payable: based on the limitation, within the international system, system, national system, system, standard and scope, any related party buys and sells, receives and pays, exchanges, mortgages, contacts, supplies and demands, sells, obtains, employs, services, debts, rewards, loans, trusts, etc. of goods, commodities and labor products in the process of any relationship or association with funds.