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Check clearing |
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Check 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.Check clearing Similar MatchesAutomated 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. London Clearing HouseLondon Clearing HouseThe organisation founded in 1888 to clear sugar and coffee trades in London, originally known as the London Produce Clearing House. Once LCH has registered a trade, it becomes the buyer to every LCH Member who sells and seller to every LCH Member who buys, thereby guaranteeing that the financial obligations of trades are met.The LCH clears trades conducted on the International Petroleum Exchange (IPE), the London International Financial Futures Exchange (LIFFE) incorporating the London Commodity Exchange (LCE), the London Stock Exchange and the London Metal Exchange (LME). It is owned by the major UK clearing banks (Barclays, LloydsTSB, HSBC, NatWest, Royal Bank of Scotland and Standard Chartered) and is a Recognised Clearing House under the regulatory supervision of the Financial Services Authority (FSA). 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. Bankers 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. Clearing house automated payment systemClearing house automated payment systemA computerised payment system for clearing cheques in the UK. Further SuggestionsClearing House Interbank Payments System (CHIPS)clearing Market clearing Clearinghouse Mortgage Backed Securities Clearing Corporation (MBSCC) Options Clearing Corporation inter bank clearing clearing house inter branch clearing Recognised Clearing House Clearing House Automated Payments System (CHAPS) Clearing member cheque clearing clearing house interbank payment system Clearing system Market clearing Options Clearing Corporation (OCC) Clearing corporations Joint clearing members credit clearing Clearing house funds Nonclearing member National Securities Clearing Corporation (NSCC) National Securities Clearing Corporation |
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