clearing member
41clearing 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… …
42Clearing House Interbank Payments System - CHIPS — The primary clearing house in the U.S. for large banking transactions. CHIPS settles over 250,000 of trades per day, valued in excess of $1 trillion. CHIPS and the Fedwire funds service used by the Federal Reserve Bank combine to constitute the… …
43clearing bank — noun Brit. a bank which is a member of a clearing house …
44clearing bank — 1) In the UK, a bank that is a member of the central clearing system, to enable passage and clearance of cheques. It is often used as an alternative description for the major High Street banks. 2) In the USA, a bank that settles federal, agency,… …
45clearing house — Synonyms and related words: Bank of England, Bank of France, Federal Reserve bank, International Monetary Fund, Lombard Street bank, Swiss bank, World Bank, bank, branch bank, central bank, commercial bank, farm loan bank, federal land bank,… …
46clearing house — noun 1》 a bankers establishment where cheques and bills from member banks are exchanged, so that only the balances need be paid in cash. 2》 an agency which collects and distributes something, especially information …
47Options Clearing Corporation — Industry clearing Founded 1973 Headquarters Chicago, IL …
48partner clearing house — A derivatives clearing organization or a clearing house that has agreed to act in concert with the exchange to facilitate clearance of Security Futures Products as defined herein: A Partner clearing house shall be considered a Clearing Member for …
49Options Clearing Corporation - OCC — An organization that acts as both the issuer and guarantor for option and futures contracts. The Options Clearing Corporation operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) and the Commodities Futures Trading …
50Non-Clearing Members — ( NCM) Members who may make transactions in LIFFE contracts only if he has entered into a standard clearing agreement with a general clearing member, unless the Board otherwise prescribes. Otherwise he is able to transact such business only as a… …
