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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 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. 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 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. Clearing house automated payment systemClearing house automated payment systemA computerised payment system for clearing cheques in the UK. Further Suggestionsinter branch clearingMortgage Backed Securities Clearing Corporation (MBSCC) Clearing House Interbank Payments System (CHIPS) Options Clearing Corporation (OCC) inter bank clearing clearing Clearing House Automated Payments System (CHAPS) Joint clearing members Clearing house funds National Securities Clearing Corporation Check clearing London Clearing House Recognised Clearing House clearing house Automated Clearing House (ACH) Clearing House Electronic Subregister System (CHESS) credit clearing Clearing corporations Nonclearing member Clearing system Market clearing clearing house interbank payment system National Securities Clearing Corporation (NSCC) cheque clearing |
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