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English to German translations [PRO] Bus/Financial - Finance (general) / Bankensoftware
English term or phrase:local clearing
XXX was originally conceived to be fully open with an excellent ability to co-operate with other systems. All existing XXX installations have some automatic interfaces, usually including SWIFT, Legal Reporting and maybe **local clearing**. In a major part of the installations XXX is not the only business application running and this usually necessitates more complex interfaces to provide the Bank with consolidated information and control.