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Clearing |
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ClearingThe 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.Similar MatchesClearinghouseClearinghouseAn 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. Mortgage Backed Securities Clearing Corporation (MBSCC)Mortgage Backed Securities Clearing Corporation (MBSCC)"Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the mortgage-backed securities market. The organization is a registered clearing agency with the Securities and Exchange Commission and majority-owned by its members -- MBS dealers, inter-dealer brokers and other non-broker/dealers. MBSCC provides its specialized services to major market participants active in various Government National Mortgage Association (GNMA), Fannie Mae(FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) MBS programs. 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. 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). 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. Further SuggestionsMarket clearingNational Securities Clearing Corporation inter bank clearing Clearing House Automated Payments System (CHAPS) Check clearing Clearing member Joint clearing members Options Clearing Corporation (OCC) Clearing system Automated Clearing House (ACH) cheque clearing clearing house interbank payment system Clearing House Interbank Payments System (CHIPS) inter branch clearing clearing house Nonclearing member Options Clearing Corporation Bankers Automated Clearing Services clearing house automated payment system London Clearing House National Securities Clearing Corporation (NSCC) Clearing corporations credit clearing Clearing house funds |
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