Financial Infrastructure

BACs – Bankers' Automated Clearing Services
BACs is the payment clearing system in the UK used for direct debits and B2B transactions. Known for its efficiency, BACs supports high-volume, reliable money transfers within the financial infrastructure.
Clearstream
Clearstream is a pan-European clearing and settlement facility for eurobonds and other financial securities, based in Luxembourg. It plays a crucial role in the European financial market infrastructure.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.