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Credit clearing |
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Credit clearingA system for the distribution of bank giro credits and other credits between banks to enable funds to be transferred into specified accounts.Similar MatchesOptions Clearing Corporation (OCC)Options Clearing Corporation (OCC)Applies to derivative products. Financial institution that is the actual issuer and guarantor of all listed option contracts. 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. Automated 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. Check 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. 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 Suggestionsclearing houseClearing member Recognised Clearing House Nonclearing member Market clearing Joint clearing members Clearing House Interbank Payments System (CHIPS) Clearing corporations London Clearing House cheque clearing National Securities Clearing Corporation Clearinghouse inter bank clearing clearing house automated payment system Clearing house funds clearing house interbank payment system Clearing House Electronic Subregister System (CHESS) Clearing system National Securities Clearing Corporation (NSCC) Bankers Automated Clearing Services inter branch clearing Mortgage Backed Securities Clearing Corporation (MBSCC) Options Clearing Corporation Clearing House Automated Payments System (CHAPS) |
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