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Joint clearing members |
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Joint clearing membersFirms that clear on more than one exchange.Joint clearing members Similar MatchesCheque clearingCheque clearingA system which enables cheques to be transmitted between banks (and between branches) in order to transfer funds. Clearing house automated payment systemClearing house automated payment systemA computerised payment system for clearing cheques in the UK. 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 fundsClearing house fundsFunds from the Federal Reserve System, requiring three days to clear, that are passed to and from banks. Clearing memberClearing memberA member firm of a clearing house. Each clearing member must also be a member of the exchange. Not all members of the exchange, however, are members of the clearing organization. All trades of a non-clearing member must be registered with, and eventually settled through, a clearing member. Further Suggestionsinter branch clearingclearing house interbank payment system Market clearing credit clearing clearing house Clearing House Interbank Payments System (CHIPS) National Securities Clearing Corporation (NSCC) Clearinghouse Options Clearing Corporation Bankers Automated Clearing Services Clearing House Automated Payments System (CHAPS) Recognised Clearing House Market clearing London Clearing House inter bank clearing Clearing corporations Clearing system Check clearing Automated Clearing House (ACH) Clearing House Electronic Subregister System (CHESS) National Securities Clearing Corporation Nonclearing member clearing Options Clearing Corporation (OCC) |
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