What is a billing house?
Clearing house is a specialized company that acts as an intermediary between two parties involved in the financial transaction. When people conclude an agreement on the financial market, the money is not immediately moved from one account to another. There may be assets that require disposal and transactions that require completion before the money moves. The sale will take over the cleaning house after it is completed to supervise the movement of funds from one side to the other. If one of the sides fails, the system moves to collateral and ensures that ownership is in the hands of the right person.
The financial market has millions of sales every day. Some of these sales are simply one person who buys financial goods with real money, so transactions are fast and money usually comes in seconds. Other transactions are much more complex. In order to collect funds needed for sale, the buyer can have to sell other financial goods or transfer money from Neskon -on accounts. This Rocess pdokon can take days or even weeks.
In order to compensate for the risk of selling this type, a billing house is often used. After the sale is completed, the cleaning house will take over the sale. Clearing House pays sellers and acts almost like a loan holder for the buyer. If the buyer has a significant collateral to oppose the sale, ownership is transferred to it. If the buyer does not have a collateral, the billing house adheres to the ownership of the purchased financial goods.
assuming that the debt is paid, it converts a billing house full of the new owner. At this point, the owner is separated from settlement and can do what he wants with financial good. If the debt is unpaid or the buyer the default settings are set up steps to raise invested money.
The first step is to determine ownership of the Financial Good. PokUD has a cleaning house still ownership of goods, it is free to sell it to compensate for its loss. If the good has moved to the buyer, he must try to recruit him or take over the ownership of the goods included in the collateral. In most cases, the clearing group includes the situation so well that it does not lose much or nothing, even in serious failure.
generally has a cleaning house a number of billing companies that use it as its monetary spine. These companies can be separate corporations, investment houses or other investments to make money. Each of these companies is partially or entirely owned by Clearing House and its money is used to pay the original retailers. When financial goods go to the default settings, it is generally one of these companies that sell good.