clearing members
1Clearing Members — LIFFE members who ensure the process of registration, position maintenance, settlement and provision of the guarantee of the exchange traded transaction. LIFFE …
2Individual Clearing Members — ( ICM) An individual clearing member (public order) is entitled to clear transactions made for his own account and for clients. Individual clearing members (non public order) are entitled to clear transactions for their own account only. LIFFE …
3General 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 …
4Non-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… …
5clearing member — A member of an exchange clearinghouse. Memberships in clearing organizations are usually held by companies. Clearing members are responsible for the financial commitments of customers that clear through their firm. Chicago Board of Trade glossary …
6Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong …
7clearing margin — 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… …
8clearing fee indicator — A designation on a trade record which indicates the rate to be paid for clearing services: E = Equity Members, Clearing Members*; L = Lessee/106.F.Employees; B = CBOE Member (trading S&P products only); H = 106.H./J. Firms; C = Non member (… …
9clearing bank — A bank which is a member of the London Clearing House • • • Main Entry: ↑bank clearing bank noun A bank that is a member of the London Bankers Clearing House, through which it makes credit and cheque transfers to and from other banks • • • Main… …
10Clearing the Channel Coast — Part of Siegfried Line Campaign …
