Виникнення та функціонування розрахунково-клірингових систем та клірингових організацій

The given article highlights the nature and content of the modern clearing and settlement systems. The key principles of the worldwide clearing systems have been formulated based on the analysis of the different types of the clearing systems in the UK, the U.S. and Germany. The above can be found useful for clearing as it is in the financial market of Ukraine. Key words: clearing, settlement and clearing system, clearing and settlement activities, clearing relationships; clearing organization.