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Asian Clearing Union [1 record]

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Record 1 2008-05-26

English

Subject field(s)
  • National Bodies and Committees (Non-Canadian)
OBS

Asian Clearing Union (ACU) is the simplest form of payment arrangements whereby the members settle payments for intra-regional transactions among the participating central banks on a multilateral basis. The main objectives of a clearing union are to facilitate payments among member countries for eligible transactions, thereby economizing on the use of foreign exchange reserves and transfer costs, as well as promoting trade among the participating countries.

French

Domaine(s)
  • Organismes et comités nationaux non canadiens

Spanish

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