A provider of settlement services that deals with the transfers of ownership necessary after a securities trade takes place... more on: Clearing house
Part of a commodities exchange that monitors buying and selling of contracts, matches the buys and the sales.
A voluntary association of depository institutions that facilitates the clearing of checks or electronic items through the direct exchange of funds among members.
Each Exchange maintains a clearing house to act as the central agency for effecting delivery and settlement of contracts between all members. The days on which members pay or receive the amounts due to them are called pay-in or pay-out days respectively.
An agency or separate corporation of a futures exchange that is responsible for settling trading accounts, collecting and maintaining margin monies, regulating delivery and reporting trade data.
An organization established to facilitate the transfer of ownership of securities. The clearinghouse guarantees the performance of transactions between its members participants. An exchange-associated, usually independent organization, through which all contracts are made, offset and delivered e.g. ICCH.
An organization maintained by a common interest group to facilitate, the exchange of securities, commodities, options, futures etc and the payments for these. See also CHESS
A third-party participant in settling security trades by acting as a buyer to each seller and a seller to each buyer, ensuring performance.
Organisational body responsible for the clearing of trades.
An adjunct of the Chicago Mercantile Exchange through which all CME futures and options on futures transactions are made, and through which all financial settlements against those contracts are made.
An adjunct to a futures exchange through which transactions executed on the floor of the exchange are matched, settled and guaranteed. Charged with assuring the adequate financial protection of trading through collection and payment of margin and the proper conduct of the exchange's delivery procedures.
a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
an association of banks that facilitates payments through cheques between different bank branches within a city / place
an institution that monitors all the transactions of the exchange
an organisation which works with the exchanges to handle confirmation, delivery and settlement of transactions
a place where transactions can be settled through inter-bank transfers
The body responsible for the registration of transactions and for guaranteeing to its members the full performance of operations and commitments.
The division of the Exchange through which all trades made must be confirmed, matched and settled on a daily basis until offset or delivered. An adjunct to CME responsible for settling trading accounts, clearing trades, collecting and maintaining performance bond funds, regulating delivery and reporting trading data.
Organization handling the processing of securities that are purchased or sold by members of an exchange.
An agency associated with an exchange which guarantees all trades, assuring contract delivery and/or financial settlement. the clearinghouse becomes the buyer for every seller, and the seller for every buyer.
An organisation operating on behalf of the banking and finance industry. It facilitates the management and settlement of transactions within a given period for a particular region or country. See BACS, CHAPS, and ACH.
An independent body appointed or owned by an exchange to clear and guarantee business transacted between member brokers. The LME's clearing house is the London Clearing House.
The separate body through which all futures contracts traded on an Exchange are cleared and guaranteed. Usually administered by either Banks or by Exchange members themselves.
associations formed among banks to exchange items drawn on other participants
A clearing house is a voluntary association of depository institutions that facilitates the exchange of payment transactions such as checks, automated clearinghouse transactions, and large-value funds transfers and the settlement of participants' net debit or credit positions.
It is a legal counter party to both legs of every trade. The netted purchase and sale positions of the trading Members are settled through the Clearing House.
Clearing institution for all LME transactions
An association of depository institutions that facilitates the settling of checks or electronic items through the direct exchange of funds between members.
An independent organisation, appointed by an exchange, which guarantees securities transactions.
The organisation which guarantees the performance and settlement of exchange traded contracts to its members - the London Clearing House (LCH).
(Coffee Market) The organisation that matches up buy and sell contracts on behalf of the exchanges. Also the clearing house handles the tendering of physicals. The clearing house guarantees performance of contract and charges initial and variation margins to pay for
Central collection site where banks exchange cheques with one another.
Is an agency or corporation which facilitates the financial settlement and transfer of ownership between buyers and sellers of a stock or futures exchange.
An independent institution that ensures the payment and delivery of stocks and bonds between investment dealers in a timely, cost-efficient manner. For example, an investment dealer may execute 10 trades (buys and sells) in the same security on the same day. Through the clearing house the dealer just settles the difference in the number of shares and the difference in money owed or received.
the department in a stock exchange or company where all trading is settled
An adjunct to, or division of, a commodity exchange through which transactions executed on the floor of the exchange are settled. Also charged with assuring the proper conduct of the exchange's delivery procedures and the adequate financing of the trading.
A clearing house is a financial services company that provides clearing and settlement services for financial transactions, usually on a futures exchange, and often acts as central counterparty. A clearing house may also offer novation, the substitution of a new contract or debt for an old, or other credit enhancement services to its members.