Clearing charges refer to the fees levied by banks and financial institutions to process transactions. These charges may include transaction costs, exchange fees, and settlement fees. However, there are several other ways of referring to clearing charges, which are commonly used in financial circles. For instance, the term "settlement fees" is often used interchangeably with clearing charges, as both fees relate to the same transactions. Similarly, the term "processing fees," "clearing fees," and "trade fees" may also be used to refer to clearing charges, depending on the context. Regardless of the term used, clearing charges are an essential part of financial transactions, and understanding their meaning is crucial for businesses and individuals alike.