One embodiment is a clocking system for a computing environment. The system comprises a first set of processes executing in a first computing environment; a first local clock mechanism associated with the first set of processes; and a first communications channel for connecting the first local clock mechanism with the first set of processes. The first local clock mechanism stores clock rates of the first set of processes, wherein each clock rate is specified by function and source and destination combination, the first local clock mechanism further coordinating the clock speeds of the first set of processes as necessary.