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Inter branch clearing |
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Inter branch clearingThe process of payment clearance between two branches of the same bank.Similar MatchesClearing corporationsClearing corporationsOrganizations that are affiliated with exchanges and are used to complete securities transactions by taking care of validation, delivery, and settlement. 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 Clearing systemClearing systemAn arrangement among financial institutions for carrying out the transactions among them, including cancelling out offsetting credits and debits on the same account. Credit clearingCredit clearingA system for the distribution of bank giro credits and other credits between banks to enable funds to be transferred into specified accounts. Options 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. Further SuggestionsLondon Clearing Houseclearing Clearinghouse Mortgage Backed Securities Clearing Corporation (MBSCC) Clearing house funds Clearing House Automated Payments System (CHAPS) inter bank clearing cheque clearing Check clearing Market clearing clearing house automated payment system Clearing member clearing house interbank payment system Bankers Automated Clearing Services Recognised Clearing House National Securities Clearing Corporation (NSCC) Market clearing Clearing House Electronic Subregister System (CHESS) National Securities Clearing Corporation Automated Clearing House (ACH) Nonclearing member clearing house Clearing House Interbank Payments System (CHIPS) Joint clearing members |
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