crcl:credit_clearing

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crcl:credit_clearing [2025/12/05 10:07] – created - external edit 127.0.0.1crcl:credit_clearing [2025/12/17 04:30] (current) – external edit 127.0.0.1
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-In this trading loop, these 3 traders owe a total of £4300 (top), but by removing the smallest amount owed (£800) from each debt (middle), these traders now owe a total of £1900 (bottom) – reducing the amount of hard cash they need by £2400. +_In this trading loop, these 3 traders owe a total of £4300 (top), but by removing the smallest amount owed (£800) from each debt (middle), these traders now owe a total of £1900 (bottom) – reducing the amount of hard cash they need by £2400._
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-Banks have long cleared debts between themselves, instead of sending every single payment between different banks. +_Banks have long cleared debts between themselves, instead of sending every single payment between different banks._
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-Credit clearing happened at medieval trade fairs, so that merchants didn’t have to carry around gold and silver coins to trade, which would have made them vulnerable to bandits. +_Credit clearing happened at medieval trade fairs, so that merchants didn’t have to carry around gold and silver coins to trade, which would have made them vulnerable to bandits._
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-A group of friends on holiday might set up an informal central clearing system to clear a lot of the debts that accumulate during the holiday, rather than having to constantly find cash. +_A group of friends on holiday might set up an informal central clearing system to clear a lot of the debts that accumulate during the holiday, rather than having to constantly find cash._
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-John Maynard Keynes, who suggested an International Clearing Union at the UN Bretton Woods conference in 1944. +_John Maynard Keynes, who suggested an International Clearing Union at the UN Bretton Woods conference in 1944._
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-Small businesses are falling into a debt / cashflow crisis that clearing can help get them out of. +_Small businesses are falling into a debt / cashflow crisis that clearing can help get them out of._
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-In _[the End of Finance](/crcl/credit_clearing)_, Amato and Fantacci argue the benefits of an economy based on clearing, rather than the constant scramble to try to accumulate scarce money. +_In _[the End of Finance](/crcl/credit_clearing)_, Amato and Fantacci argue the benefits of an economy based on clearing, rather than the constant scramble to try to accumulate scarce money._
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-An economy based on clearing would insulate local economies from wider financial downturns. +_An economy based on clearing would insulate local economies from wider financial downturns._
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-Promotional video for Local Loop Merseyside, a city-wide clearing scheme in Liverpool. +_Promotional video for Local Loop Merseyside, a city-wide clearing scheme in Liverpool._
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-Within a multilateral set-off network, the algorithm might find small clusters of businesses that trade with each other regularly, that could have a shared ledger (record of transactions), with more trust, for central clearing and mutual credit. +_Within a multilateral set-off network, the algorithm might find small clusters of businesses that trade with each other regularly, that could have a shared ledger (record of transactions), with more trust, for central clearing and mutual credit._
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 ## Further resources ## Further resources
 +
 +- [Mutual Credit Services](https://www.mutualcredit.services/) - helping set up credit clearing schemes
 +- [Local Loop Merseyside](https://localloop-merseyside.co.uk/) - credit clearing in Liverpool
 +- [Liquidity saving through obligation-clearing and mutual credit](https://www.mdpi.com/1911-8074/13/12/295)
 +- [History of credit clearing](https://www.lowimpact.org/posts/a-brief-history-of-credit-clearing-with-hans-florian-hoyer/)
  
  
  
-## Specialist(s)+## Specialist curators of this topic
  
  
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