|
|
Clearing house |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Clearing houseAn independent organisation, appointed by an exchange, which guarantees securities transactions.Similar MatchesAutomated 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. 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. Clearing systemClearing systemAn arrangement among financial institutions for carrying out the transactions among them, including cancelling out offsetting credits and debits on the same account. 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). 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. Further SuggestionsOptions Clearing Corporation (OCC)Nonclearing member inter branch clearing clearing National Securities Clearing Corporation Joint clearing members Clearing corporations Clearing House Interbank Payments System (CHIPS) Clearing house funds Options Clearing Corporation Mortgage Backed Securities Clearing Corporation (MBSCC) London Clearing House Market clearing Clearing member clearing house interbank payment system Clearing House Automated Payments System (CHAPS) inter bank clearing Clearing House Electronic Subregister System (CHESS) cheque clearing clearing house automated payment system Bankers Automated Clearing Services Check clearing Market clearing National Securities Clearing Corporation (NSCC) |
|
|
|