ABBL
Association des Banques et Banquiers, Luxembourg
The Luxembourg Bankers' Association
Luxemburger Bankenvereinigung
Clearing and Settlement / Compensation et réglement / Verrechnung und Zahlungsausgleich
The two main activities in post-trade. Clearing refers to the process determining the mutual indebtedness of counterparties, i.e. between sellers and buyers. Settlement refers to the final payment and change of ownership (usually of securities).
