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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 MatchesInter bank clearingInter bank clearingThe process of payment clearance between two banks. Market clearingMarket clearingTotal demand for loans by borrowers equals total supply of loans from lenders. The market, any market, clears at the equilibrium rate of interest or price. Recognised 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). National Securities Clearing CorporationNational Securities Clearing CorporationIn the US, facilitates trade processing, clearance, delivery and settlement of equities, and corporate and municipal bonds. NSCC is owned equally by the New York and American Stock Exchanges and the National Association of Securities Dealers. Clearing systemClearing systemAn arrangement among financial institutions for carrying out the transactions among them, including cancelling out offsetting credits and debits on the same account. Further SuggestionsOptions Clearing Corporation (OCC)Clearing house funds cheque clearing Options Clearing Corporation clearing house Clearing member inter branch clearing Market clearing credit clearing Clearinghouse Automated Clearing House (ACH) Nonclearing member clearing house automated payment system clearing house interbank payment system clearing London Clearing House Bankers Automated Clearing Services Clearing House Electronic Subregister System (CHESS) Clearing House Interbank Payments System (CHIPS) Mortgage Backed Securities Clearing Corporation (MBSCC) Joint clearing members Clearing House Automated Payments System (CHAPS) Clearing corporations National Securities Clearing Corporation (NSCC) |
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