|
|
Cheque clearing |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Cheque clearingA system which enables cheques to be transmitted between banks (and between branches) in order to transfer funds.Similar MatchesClearing house fundsClearing house fundsFunds from the Federal Reserve System, requiring three days to clear, that are passed to and from banks. Check clearingCheck 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. 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). Mortgage 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 automated payment systemClearing house automated payment systemA computerised payment system for clearing cheques in the UK. Further SuggestionsClearing House Electronic Subregister System (CHESS)Clearing House Automated Payments System (CHAPS) Options Clearing Corporation (OCC) inter branch clearing Market clearing inter bank clearing Joint clearing members National Securities Clearing Corporation (NSCC) Automated Clearing House (ACH) clearing credit clearing National Securities Clearing Corporation Clearing corporations Market clearing Bankers Automated Clearing Services London Clearing House Clearing House Interbank Payments System (CHIPS) clearing house interbank payment system Clearinghouse clearing house Nonclearing member Clearing member Options Clearing Corporation Clearing system |
|
|
|