Encyclopedia
Clearing
3) clearing - determination of obligations subject to performance arising from contracts, including as a result of netting of obligations, and preparation of documents (information) serving as grounds for termination and (or) fulfillment of such obligations;
Source: Federal Law of February 7, 2011 No. 7-FZ (as amended on December 3, 2011) "On Clearing and Clearing Activities" (with amendments and additions coming into force on January 1, 2012)