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CLG is a commonly used acronym in the banking industry which refers to "Clearing". It is a term which is used to signify that a bank is processing a financial instrument for payment.
For ex: If you deposit a cheque in your bank account, it will be sent for "Clearing" to the cheque issuer bank and once the issuer bank processes it and sends the money, your bank will credit the money into your account. In the time between you depositing the cheque and receiving the money, the cheque is said to be in "Clearing" status.
What else can I help you with?
Is investment banking part of the Core banking systems?
No. Investment banking doesn't have to be part of core banking and/or minimal banking services. Investment banking is essentially a very different type of banking, it is not the same as retail, commercial or trade banking (which would constitute as core banking).
What is postal banking?
postal banking is the sysem of banking faster system to develop to the banking process.
What is the meaning of Banking and non banking institutions?
A banking institution is required to have a full banking license and is supervised by a banking regulatory agency. Non-banking is a financial institution that does not have these requirements.
What is net banking and core banking?
Core banking refers to banking services provided by a network of branches. Internet banking is the ability to complete banking transactions from your home using your computer.
What is the difference between corporate banking and wholesale banking?
There is no didderence as such! Corporate Banking fall under wholesale banking.
What does your abbreviation mean clg?
In banking terminology it means 'Clearing'
When was Claregalway CLG created?
Claregalway CLG was created in 1968.
When was Cuala CLG created?
Cuala CLG was created in 1974.
When was Danesfort CLG created?
Danesfort CLG was created in 1922.
When was Clann Mhuíre CLG created?
Clann Mhuíre CLG was created in 1957.
When was CLG Eoghan Rua created?
CLG Eoghan Rua was created in 1957.
When was Craobh Chiaráin CLG created?
Craobh Chiaráin CLG was created in 1962.
When was CLG Droim Caorthainn created?
CLG Droim Caorthainn was created in 1933.
When was Na Magha CLG created?
Na Magha CLG was created in 1982.
When was Naomh Ólaf CLG created?
Naomh Ólaf CLG was created in 1981.
When was Randal Óg CLG created?
Randal Óg CLG was created in 1953.
When was Doire Colmcille CLG created?
Doire Colmcille CLG was created in 1968.
