Kliiringijärjestelmä
Kliiringijärjestelmä, often translated as clearing system, is a fundamental mechanism within financial markets responsible for processing and settling financial transactions. Its primary purpose is to reduce the risk associated with the exchange of assets and funds between parties. When a trade is executed, for instance, in stocks or foreign exchange, the kliiringijärjestelmä acts as an intermediary, ensuring that both the buyer and the seller fulfill their obligations.
The core function of a clearing system involves matching buy and sell orders, calculating net positions, and
Clearing systems play a crucial role in maintaining financial stability. By standardizing and centralizing the settlement