Trade continued on the basis of short term clearing agreements.

Clearing agreements were used in less than half of all trade transactions.

It was a clearing agreement where states exchanged material goods instead of money.

The clearing agreement will still go ahead and was not affected by the discussions, which ended last Saturday, the source said.

So is a clearing agreement system.

Clearing agreements are a form of countertrade.

Alternative methods of cooperation, such as barter, counter trade, industrial cooperation, or bilateral clearing agreements were much preferred.

As mentioned above, each clearing member is party to a bilateral clearing agreement with LCH.

Until the mid-1970s, bilateral clearing agreements were the primary means by which the Soviet Union settled accounts with its Third World partners.

Rouble zone banking officials met in Tallinn on June 5-6, when a clearing agreement was signed with Ukraine.

In addition to his rights and obligations under the regulations, each clearing member is party to a standard bilateral clearing agreement with LCH.

Trade with Finland, however, was based on bilateral clearing agreements rather than on exchange of hard currency used with other Western trading partners.

By contrast, trade with Finland, which does not have a convertible currency, was conducted through bilateral clearing agreements, much like Soviet trade with its Comecon partners.

Vereinbarung über den beleglosen Datenaustausch in der zwischenbetrieblichen Abwicklung des Inlandszahlungsverkehrs (Clearingabkommen / clearing agreement)

Instead, such a member may enter into a clearing agreement with a clearing member whereunder all contracts made on the floor by the non-clearer are registered with LCH in the name of the clearing member.

Particulars of every contract to be registered must be presented to LCH "by or on behalf of" the clearing member making the contract on the market or the clearing member with whom the market member has a clearing agreement (reg 6).

So the invariable requirement now is that a market member trading on the market floor or its equivalent (eg an automated trading system) is required by market rules either to be a clearing member or to have a clearing agreement with a clearing member.

At the same time, Romania began offering Germany a series of deals, hoping to dissuade its hostility: the latter received advantageous clearing agreements, while the Reichswerke joined Nicolae Malaxa in taking over the businesses of Max Auschnitt, who had been arrested in September.

The system of bilateral clearing agreements on which Soviet-Finnish trade was based required that any increase in Finnish imports from the Soviet Union be accompanied by a corresponding increase in exports to the Soviet Union in order to maintain the bilateral trade balance.