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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 MatchesMortgage Backed Securities Clearing Corporation (MBSCC)Mortgage Backed Securities Clearing Corporation (MBSCC)"Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the mortgage-backed securities market. The organization is a registered clearing agency with the Securities and Exchange Commission and majority-owned by its members -- MBS dealers, inter-dealer brokers and other non-broker/dealers. MBSCC provides its specialized services to major market participants active in various Government National Mortgage Association (GNMA), Fannie Mae(FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) MBS programs. Clearing House Electronic Subregister System (CHESS)Clearing House Electronic Subregister System (CHESS)CHESS is the automatic transfer and settlement system for the majority of Australian Stock Exchange (ASX) listed securities. ClearingClearingThe process of moving payments between accounts from different banks or branches.A term used on futures and options exchanges which refers to the process of registration, settlement and provision of a guarantee of exchange traded transactions. Options Clearing CorporationOptions Clearing CorporationIn the US, the OCC is the body which clears options transactions. Founded in 1973, OCC is the largest clearing organisation in the world for financial derivatives instruments. Operating under the jurisdiction of the Securities and Exchange Commission, OCC is the issuer and registered clearing facility for all US exchange-listed securities options. OCC issues put and call options on several types of underlying assets including common stocks and other equity issues, stock indexes, foreign currencies and interest rate composites. URL: http://www.optionsclearing.com 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) Bankers Automated Clearing Services Automated Clearing House (ACH) Options Clearing Corporation (OCC) Joint clearing members London Clearing House credit clearing Clearing member Clearing corporations cheque clearing Recognised Clearing House National Securities Clearing Corporation (NSCC) inter bank clearing inter branch clearing clearing house Clearing house funds Clearing system clearing house automated payment system Nonclearing member Market clearing National Securities Clearing Corporation Market clearing clearing house interbank payment system |
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