clearing account
61automated clearing house — noun A nationwide electronic funds transfer system that provides for inter bank clearing of electronic payments, such as credit card transactions. An ACH transaction is an electronic fund transfer through the Federal Reserve Bank from a checking… …
62cash/central settlement account — ( TBF) (CCR) Euroclear Clearing and Settlement glossary Accounts used and maintained by financial institutions on the books of the Banque de France for the functioning of the Transfert Banque de France ( TBF) system. Euroclear Clearing and… …
63commodities clearing member — (adhérent compensateur en marchandises) ACM An ACM is entitled only to clear and trade commodity futures and options for its own account and for clients. An ACM can clear the trades of NEMs for whom it is the designated clearer. NYSE Euronext… …
64Check Clearing For The 21st Century Act - Check 21 — A federal law that took effect on October 28, 2004, and gives banks and other organizations the ability to create electronic image copies of consumers checks. The images are then sent to the relevant financial institutions to be processed, where… …
65bunched account trade — An order which a clearing firm later allocates to more than one account, either within the same firm or among other firms, according to a pre established trade allocation scheme. Chicago Mercantile Exchange Glossary …
66Cash Account Documentation — In the ESES context, the contractual arrangements between any central bank and each Settlement Bank that is the holder of a Cash Account opened in the books of that central bank, specifically governing the opening and the holding of Cash Accounts …
67legal securities account — See operational securities account ( OSA). Euroclear Clearing and Settlement glossary …
68NCB Technical Account — In the ESES context, the reconciliation account which is the tool for recording ( i) all debits and credits made to all Cash Accounts in the course of a given Business Day in execution of Liquidity Transfers and (ii), for the purposes of… …
69RTGS Cash Account — In the ESES context, any main cash current account with any central bank participating in TARGET2 Euroclear Clearing and Settlement glossary …
70registrars account folio number — The investor s account reference number given by the registrar. Euroclear Clearing and Settlement glossary …
