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. The clearinghouse becomes the buyer to each seller (and the seller to each buyer) and assumes responsibility for protecting buyers and sellers from financial loss by assuring performance on each contract.
An agency associated with an exchange, which settles trades and regulates delivery. see also house.
A conventional or limited purpose entity generally restricted to providing specialized services, such as clearing funds or settling accounts.
An agency connected with a commodity exchange through which all futures contracts are reconciled, settled, guaranteed, and later either offset or fulfilled through delivery of the commodity and through which financial settlement is made. It may be a fully chartered separate corporation, rather than a division of the exchange itself.
An agency connected with exchanges through which all transactions are made, offset, or fulfilled through delivery of the actual cash market and through which financial settlement is made; often, is a fully chartered separate corporation rather than a division of the exchange proper.
Is an association or place where banks exchange checks and drafts drawn on each other, and settle their daily balances.
An agency connected with a commodity exchange or a separate corporation with the responsibility of reconciling all trading accounts and clearing trades, managing the delivery process and keeping accurate records of customers accounts. They are also responsible for collecting and maintaining margin monies. See also "Futures Commission Merchant."
The clearing house is the central contracting party for all EEX futures trades. EEX AG and the clearing members assume the risk of execution of the contract as the clearing house. To that end EEX AG calculates the premium, the additional and variation margin and demands these of the clearing members. The clearing members in turn demand these securities of the trading participants.
a legally independent entity but it is usually connected with an exchange facility
A company that manages: day-to-day settlement of securities records of holdings the funding of trades so individual trades can be settled with any party (rather than the parties who initially entered the trade agreement).
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 firm that works with the exchanges to handle confirmation, delivery and settlement of transactions. Also called clearing corporations or clearing firm.
an organization which matches and guarantees option trades on an exchange
An adjunct to a futures exchange through which transactions executed on its floor are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and the adequate financing of the entire operation.
An agency or separate corporation of a futures exchange that is responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery, and reporting trading data. Clearinghouses act as third parties to all futures and options contractsÐacting as a buyer to every clearing member seller and a seller to every clearing member buyer.
An agency associated with an exchange which guarantees all trades, thus assuring contract delivery and/or financial settlement. The clearinghouse becomes the buyer for every seller, and the seller for every buyer.
An institution established separately from the exchanges to ensure timely payment and delivery of securities.
Entity settling executed transactions.
A computerized facility that compares and reconciles both sides of a brokerage trade.
A facility that compares and reconciles both sides of a trade in addition to rec...
An independent house settles trades acting as a guarantor for all trades cleared by it. The clearinghouse is responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery, and reporting trading data.
Provides all requisite financial services to transfer monies between participating Authorities; provides accurate and timely downloads of customer accounts, violations and all other information necessary for an interoperable system.
An institution where mutual claims are settled between accounts of member depository institutions. Clearinghouses among banks have traditionally been organized for check-clearing purposes, but more recently have cleared other types of settlements, including electronic fund transfers.
An adjunct to a futures exchange through which transactions executed on the floor of the exchange are settled. Also charged with assuring the proper conduct of delivery procedures and the adequate financing of the trading.
An Exchange-associated body charged with the function of insuring the financial integrity of each trade. Orders are "cleared" by means of the clearinghouse acting as the buyer to all sellers and the seller to all buyers.