clearing member
31Clearing house (finance) — A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as… …
32clearing house — An adjunct to a futures exchange through which transactions executed on its floor where trades are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and… …
33clearing — n. 1 in senses of CLEAR v. 2 an area in a forest cleared for cultivation. Phrases and idioms: clearing bank Brit. a bank which is a member of a clearing house. clearing house 1 a bankers establishment where cheques and bills from member banks are …
34clearing bank — n (BrE) a bank that is a member of a clearing house: an organization that arranges for payments to be made between customers of different banks. There is a single clearing house for all cheques paid in Britain: the Cheque and Credit Clearing… …
35Clearing Broker — A member of an exchange that acts as a liaison between an investor and a clearing corporation. A clearing broker helps to ensure that the trade is settled appropriately and the transaction is successful. Clearing brokers are also responsible for… …
36member bank — A bank that belongs to a central banking or clearing system. In the UK a member bank is a commercial bank that is a member of the Association for Payment Clearing Services In the USA it is a commercial bank that is a member of the Federal Reserve …
37Clearing House Automated Payments System — ( CHAPS) A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment… …
38clearing house — A centralized and computerized system for settling indebtedness between members. The best known in the UK is the Association for Payment Clearing Services (APACS), which enables the member banks to offset claims against one another for cheques… …
39member — An individual admitted to membership on the exchange or any of its Divisions. Chicago Mercantile Exchange Glossary See client Euroclear Clearing and Settlement glossary * * * member mem‧ber [ˈmembə ǁ ər] noun [countable] a person, group, or… …
40Clearing 21 — The real time (trade and position processing) clearing system. (Also referred to as C21). Chicago Mercantile Exchange Glossary Clearing 21? CME application used by member firms to clear trades end of business day. Chicago Mercantile Exchange… …
