standby db (CLEARING_CURRENT) status

When I issue select * from v$log on my standby DB I see the following:

QL> select * from v$log;

GROUP# THREAD# SEQUENCE# BYTES MEMBERS ARC STATUS
---------- ---------- ---------- ---------- ---------- --- ----------------
FIRST_CHANGE# FIRST_TIM
------------- ---------
1 1 202 5242880 1 YES CLEARING_CURRENT
332659 20-APR-09

3 1 201 5242880 1 YES CLEARING
331949 20-APR-09

2 1 200 5242880 1 YES CLEARING
326095 20-APR-09

Can somebody give me a good explanation about CLEARING_CURRENT status.
Does this mean that the archive for sequence 202 has not been applied yet?

FYI, from my standby DB

SELECT SEQUENCE#,APPLIED FROM V$ARCHIVED_LOG ORDER BY SEQUENCE#;
SEQUENCE# APP
---------- ---
197 YES
198 YES
199 YES
200 YES
201 YES