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Clearing system |
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Clearing systemAn arrangement among financial institutions for carrying out the transactions among them, including cancelling out offsetting credits and debits on the same account.Similar MatchesCheck clearingCheck clearingThe movement of a check from the depository institution at which it was deposited back to the institution on which it was written; the movement of funds in the opposite direction and the corresponding credit and debit to the involved accounts. The Federal Reserve operates a nationwide check-clearing system. 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. 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 Interbank Payments System (CHIPS)Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value payments operated by a group of major banks. 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. Further SuggestionsNational Securities Clearing Corporationinter bank clearing Joint clearing members Clearinghouse Nonclearing member Bankers Automated Clearing Services clearing Recognised Clearing House clearing house interbank payment system Clearing house funds clearing house cheque clearing Market clearing clearing house automated payment system Mortgage Backed Securities Clearing Corporation (MBSCC) Options Clearing Corporation (OCC) Options Clearing Corporation Clearing member London Clearing House Clearing House Automated Payments System (CHAPS) credit clearing inter branch clearing Clearing corporations Automated Clearing House (ACH) |
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