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Clearing house funds |
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Clearing house fundsFunds from the Federal Reserve System, requiring three days to clear, that are passed to and from banks.Clearing house funds Similar MatchesMarket 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. London Clearing HouseLondon Clearing HouseThe organisation founded in 1888 to clear sugar and coffee trades in London, originally known as the London Produce Clearing House. Once LCH has registered a trade, it becomes the buyer to every LCH Member who sells and seller to every LCH Member who buys, thereby guaranteeing that the financial obligations of trades are met.The LCH clears trades conducted on the International Petroleum Exchange (IPE), the London International Financial Futures Exchange (LIFFE) incorporating the London Commodity Exchange (LCE), the London Stock Exchange and the London Metal Exchange (LME). It is owned by the major UK clearing banks (Barclays, LloydsTSB, HSBC, NatWest, Royal Bank of Scotland and Standard Chartered) and is a Recognised Clearing House under the regulatory supervision of the Financial Services Authority (FSA). Nonclearing memberNonclearing memberAn exchange member firm that is not able to clear transactions, and must pay another member firm to carry out its clearing operations. Clearing houseClearing houseAn independent organisation, appointed by an exchange, which guarantees securities transactions. Clearing house automated payment systemClearing house automated payment systemA computerised payment system for clearing cheques in the UK. Further SuggestionsClearing corporationsClearing member Clearing House Interbank Payments System (CHIPS) Clearing House Automated Payments System (CHAPS) Options Clearing Corporation (OCC) cheque clearing Automated Clearing House (ACH) National Securities Clearing Corporation (NSCC) credit clearing clearing clearing house interbank payment system Market clearing Clearing system Recognised Clearing House Mortgage Backed Securities Clearing Corporation (MBSCC) National Securities Clearing Corporation Joint clearing members Clearinghouse inter bank clearing Check clearing Clearing House Electronic Subregister System (CHESS) Options Clearing Corporation Bankers Automated Clearing Services inter branch clearing |
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