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Check clearing |
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Check clearingThe movement of a check from the depository institution at which it was deposited back to the institution on which it was written; the movement of funds in the opposite direction and the corresponding credit and debit to the involved accounts. The Federal Reserve operates a nationwide check-clearing system.Check clearing Similar MatchesRecognised Clearing HouseRecognised Clearing HouseA clearing house which meets the requirements for recognition under the Financial Services Act 1986 and is approved by the Financial Services Authority (FSA). Inter branch clearingInter branch clearingThe process of payment clearance between two branches of the same bank. Joint clearing membersJoint clearing membersFirms that clear on more than one exchange. National Securities Clearing Corporation (NSCC)National Securities Clearing Corporation (NSCC)A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations. ClearinghouseClearinghouseAn adjunct to a futures exchange through which transactions executed on its floor are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and the adequate financing of the entire operation. Further SuggestionsClearing House Automated Payments System (CHAPS)Clearing House Interbank Payments System (CHIPS) Clearing House Electronic Subregister System (CHESS) Clearing member Clearing system Market clearing Options Clearing Corporation clearing house interbank payment system clearing house automated payment system Market clearing Clearing corporations Clearing house funds Nonclearing member credit clearing clearing house Mortgage Backed Securities Clearing Corporation (MBSCC) Bankers Automated Clearing Services Options Clearing Corporation (OCC) cheque clearing National Securities Clearing Corporation London Clearing House clearing inter bank clearing Automated Clearing House (ACH) |
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