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bankers' clearing house
A bankers' clearing house is an organization that transfers money between member banks, originally to clear checks. For more than a century, this service has been expanded to include several other banking services now done electronically.
== Predecessors ==
In England, cheques were used from the 17th century. Up until around 1770 an informal exchange of cheques took place between London banks. Clerks of each bank visited all of the other banks to exchange cheques, whilst keeping a tally of balances between them until they settled with each other. Daily cheque clearings began around 1770 when the bank clerks met at the Five Bells, a tavern in Lombard Street in the City of London, to exchange all their cheques in one place and settle the balances in cash.〔Nevin and Davis, The London Clearing Banks, (1970) pp.40-41 〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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