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Clearing house |
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Clearing houseAn independent organisation, appointed by an exchange, which guarantees securities transactions.Similar MatchesJoint clearing membersJoint clearing membersFirms that clear on more than one exchange. Bankers 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. ClearinghouseClearinghouseAn adjunct to a futures exchange through which transactions executed on its floor are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and the adequate financing of the entire operation. 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. 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. Further SuggestionsMortgage Backed Securities Clearing Corporation (MBSCC)Clearing system Clearing House Interbank Payments System (CHIPS) clearing Clearing house funds National Securities Clearing Corporation Options Clearing Corporation cheque clearing inter branch clearing credit clearing London Clearing House clearing house interbank payment system Clearing member National Securities Clearing Corporation (NSCC) Market clearing Clearing House Electronic Subregister System (CHESS) Nonclearing member Clearing corporations Recognised Clearing House Options Clearing Corporation (OCC) Clearing House Automated Payments System (CHAPS) inter bank clearing clearing house automated payment system Check clearing |
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