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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 MatchesCheque clearingCheque clearingA system which enables cheques to be transmitted between banks (and between branches) in order to transfer funds. 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. Clearing house interbank payment systemClearing house interbank payment systemA computerised payment system for clearing cheques in New York. 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. Options Clearing CorporationOptions Clearing CorporationIn the US, the OCC is the body which clears options transactions. Founded in 1973, OCC is the largest clearing organisation in the world for financial derivatives instruments. Operating under the jurisdiction of the Securities and Exchange Commission, OCC is the issuer and registered clearing facility for all US exchange-listed securities options. OCC issues put and call options on several types of underlying assets including common stocks and other equity issues, stock indexes, foreign currencies and interest rate composites. URL: http://www.optionsclearing.com Further SuggestionsClearing House Electronic Subregister System (CHESS)Clearing corporations Nonclearing member clearing house automated payment system Clearing system Clearinghouse Recognised Clearing House Market clearing Options Clearing Corporation (OCC) Joint clearing members Automated Clearing House (ACH) Clearing House Interbank Payments System (CHIPS) clearing clearing house inter branch clearing Market clearing National Securities Clearing Corporation inter bank clearing Clearing member Check clearing Clearing House Automated Payments System (CHAPS) Mortgage Backed Securities Clearing Corporation (MBSCC) Bankers Automated Clearing Services London Clearing House |
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