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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 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. National Securities Clearing CorporationNational Securities Clearing CorporationIn the US, facilitates trade processing, clearance, delivery and settlement of equities, and corporate and municipal bonds. NSCC is owned equally by the New York and American Stock Exchanges and the National Association of Securities Dealers. 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. 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). 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. Further SuggestionsClearing house fundsJoint clearing members credit clearing Nonclearing member Check clearing Bankers Automated Clearing Services inter bank clearing Clearing system Clearing House Automated Payments System (CHAPS) cheque clearing Mortgage Backed Securities Clearing Corporation (MBSCC) Clearing House Interbank Payments System (CHIPS) clearing house automated payment system clearing house interbank payment system Clearing member Options Clearing Corporation Clearinghouse Options Clearing Corporation (OCC) Market clearing Recognised Clearing House Automated Clearing House (ACH) clearing house Market clearing Clearing corporations |
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