What Is a Government Liquidation?

The clearing system is an international payment method. In order to avoid the movement of funds internationally, it can clear the output claims and input debts. A technology implemented by using debit and credit bookkeeping to replace the actual payment of foreign exchange to complete the claims Debt offset system. The purpose is to prevent the deterioration of the international balance of payments, strengthen foreign exchange management, and use restrictions on the supply of imported foreign exchange to achieve the purpose of indirect restrictions on imports. In addition, in order to ensure the input of necessary raw materials, combining the input amount of necessary raw materials with the output of the same amount can not only promote output, but also ensure the input of necessary raw materials. This system is mostly implemented between countries with bilateral settlement agreements. The first settlement system in Europe after the war was the multilateral monetary compensation agreement of 1947, followed by the European Internal Payments Agreement of 1948 and the European Payments of 1950 alliance. ^[1]

Liquidation system

The clearing system is an international payment method. In order to avoid the movement of funds internationally, it can clear the output claims and input debts. A technology implemented by using debit and credit bookkeeping to replace the actual payment of foreign exchange to complete the claims Debt offset system. The purpose is to prevent the deterioration of the international balance of payments, strengthen foreign exchange management, and use restrictions on the supply of imported foreign exchange to achieve the purpose of indirect restrictions on imports. In addition, in order to ensure the input of necessary raw materials, combining the input amount of necessary raw materials with the output of the same amount can not only promote output, but also ensure the input of necessary raw materials. This system is mostly implemented between countries with bilateral settlement agreements. The first settlement system in Europe after the war was the Multilateral Currency Compensation Agreement of 1947, followed by the European Internal Payments Agreement of 1948 and the European Payments of 1950. alliance. ^[1]

Is to put two

It is a clearing system that collects interbank free foreign exchange claims / bookkeeping foreign exchange rights and debts from multiple countries to clearing institutions designated by the clearing houses of a few international financial centers for multilateral settlement.