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Cheque clearing |
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Cheque clearingA system which enables cheques to be transmitted between banks (and between branches) in order to transfer funds.Similar MatchesClearing memberClearing memberA member firm of a clearing house. Each clearing member must also be a member of the exchange. Not all members of the exchange, however, are members of the clearing organization. All trades of a non-clearing member must be registered with, and eventually settled through, a clearing member. Automated Clearing House (ACH)Automated Clearing House (ACH)A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float. Clearing house automated payment systemClearing house automated payment systemA computerised payment system for clearing cheques in the UK. 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. Clearing houseClearing houseAn independent organisation, appointed by an exchange, which guarantees securities transactions. Further SuggestionsCheck clearingcredit clearing Clearing corporations Clearing House Electronic Subregister System (CHESS) Clearinghouse Market clearing inter bank clearing National Securities Clearing Corporation (NSCC) inter branch clearing Recognised Clearing House clearing Mortgage Backed Securities Clearing Corporation (MBSCC) Options Clearing Corporation (OCC) Options Clearing Corporation Joint clearing members Clearing system clearing house interbank payment system Clearing House Automated Payments System (CHAPS) Clearing House Interbank Payments System (CHIPS) National Securities Clearing Corporation Bankers Automated Clearing Services Nonclearing member Clearing house funds London Clearing House |
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