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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 MatchesBankers Automated Clearing ServicesBankers Automated Clearing ServicesBACS is an APACS clearing company which provides an automated clearing service for payments originated by Settlement Members or those they sponsor. Clearing 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. National Securities Clearing Corporation (NSCC)National Securities Clearing Corporation (NSCC)A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations. Credit clearingCredit clearingA system for the distribution of bank giro credits and other credits between banks to enable funds to be transferred into specified accounts. 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. Further SuggestionsClearing systemMortgage Backed Securities Clearing Corporation (MBSCC) Clearing House Electronic Subregister System (CHESS) Clearing House Interbank Payments System (CHIPS) Clearing House Automated Payments System (CHAPS) inter branch clearing Market clearing clearing house interbank payment system clearing house automated payment system Options Clearing Corporation (OCC) National Securities Clearing Corporation Options Clearing Corporation Joint clearing members inter bank clearing cheque clearing clearing Automated Clearing House (ACH) Recognised Clearing House London Clearing House Clearing corporations Clearinghouse clearing house Market clearing Nonclearing member |
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