Define clean clearing?

A clean clearing refers to an area of land that has been cleared of vegetation, debris, and other obstructions in a thorough and meticulous manner, leaving the area free of any visible signs of clutter or mess. This type of clearing is often done for landscaping, construction, or agricultural purposes, and is typically done with the intention of creating a neat and organized space.

Clean Clearing refers to the complete eradication of a short position in a security or a group of securities. This involves buying back all previously sold short shares and covering the borrowed shares. The goal is to fully close out the short position and eliminate any outstanding liabilities related to the borrowed securities.

In a clean clearing process, no failed trades or settlements occur, resulting in a smooth and successful closure of the short position. Typically, the settlement and payment of the cleared securities are completed within a specific time frame, as per established industry regulations and practices.