clearing account
51town clearing — Formerly, a special same day clearing service for high value cheques drawn on accounts within the City of London and paid into another City account. All other cheques (known as country cheques) went into the general clearing system and took two… …
52town clearing — Formerly, a special same day clearing service for high value cheques drawn on accounts within the City of London and paid into another City account. All other cheques (known as country cheques) went into the general clearing system and took two… …
53managed account — Financial safeguards to ensure that clearing members (usually companies or corporations) perform on their customers open futures and options contracts. Clearing margins are distinct from customer margins that individual buyers and sellers of… …
54legal safekeeping account — ( LSA) Euroclear Clearing and Settlement glossary see securities account Euroclear Clearing and Settlement glossary …
55General Clearing Members — ( GCM) Members who are entitled to clear LIFFE transactions made for their own account and for clients. They may also clear transactions made by a non clearing member under the terms of a standard clearing agreement. LIFFE …
56safe custody account — A securities account, in most cases, held and managed by the central bank on which credit institutions can place securities deemed suitable to back central bank operations. The securities held on these accounts are finally deposited with the CSD… …
57Automated Customer Account Transfer Service - ACATS — A system that facilitates the transfer of securities from one trading account to another at a different brokerage firm or bank. The National Securities Clearing Corporation (NSCC) developed the ACATS system, replacing the previous manual asset… …
58house account — A type of account at a brokerage firm that is given a high level of priority and is handled by the main office or an executive , rather than a traditional salesperson. Bloomberg Financial Dictionary Clearing firm s proprietary, non segregated… …
59arbitrage account — An account of a Class B CME clearing member containing transactions in foreign exchange as a result of a specific arrangement between the member and its approved bank; the member has simultaneously taken a position with the bank opposite to the… …
60issuance account — In the ESES context, any account opened in the name of an issuer in the books of the CSD on the debit of which all securities of a same issue which are admitted by the CSD are recorded; in the case of dematerialised securities, all securities of… …
