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Clearing member |
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Clearing 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.Clearing member Similar MatchesCheque clearingCheque clearingA system which enables cheques to be transmitted between banks (and between branches) in order to transfer funds. ClearingClearingThe process of moving payments between accounts from different banks or branches.A term used on futures and options exchanges which refers to the process of registration, settlement and provision of a guarantee of exchange traded transactions. Clearing House Electronic Subregister System (CHESS)Clearing House Electronic Subregister System (CHESS)CHESS is the automatic transfer and settlement system for the majority of Australian Stock Exchange (ASX) listed securities. 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 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. Further SuggestionsClearing House Automated Payments System (CHAPS)clearing house Clearing corporations Market clearing Market clearing inter bank clearing Automated Clearing House (ACH) Clearinghouse Clearing House Interbank Payments System (CHIPS) clearing house interbank payment system Bankers Automated Clearing Services National Securities Clearing Corporation Recognised Clearing House Nonclearing member Check clearing Clearing system Joint clearing members clearing house automated payment system Options Clearing Corporation (OCC) London Clearing House Clearing house funds inter branch clearing Mortgage Backed Securities Clearing Corporation (MBSCC) credit clearing |
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