clearing of securities
11Clearing — Compensation La compensation (clearing en anglais) est un mécanisme permettant à des banques et des institutions financières, membres de la chambre de compensation, de régler les montants dus et de recevoir les actifs correspondants aux… …
12Clearing 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… …
13securities — Paper certificates (definitive securities) or electronic records ( book entry securities) evidencing ownership of equity ( stocks) or debt obligations ( bonds). Bloomberg Financial Dictionary securities and other financial instruments of any… …
14Securities Market Practice Group — ( SMPG) Euroclear Clearing and Settlement glossary Sponsored by SWIFT, the objective of this industry group is to create globally harmonised market practices which, together with the ISO 15022 standard, will enhance straight through processing (… …
15securities settlement system — ( SSS) Euroclear Clearing and Settlement glossary A system which permits the holding and transfer of securities, either free of payment (FOP) or against payment (Delivery Versus Payment ( DVP). Euroclear Clearing and Settlement glossary …
16clearing corporation — An independent corporation that settles all trades made at the Chicago Board of Trade acting as a guarantor for all trades cleared by it, reconciles all clearing member firm accounts each day to ensure that all gains have been credited and all… …
17Securities Applicant — A Securities Applicant is a Client which has applied for the admission of a security by the CSD. The Securities Applicant may but does not have to be the issuer of the relevant security. Euroclear Clearing and Settlement glossary …
18Securities Applicant Form — In the ESES context, the form to be signed by the Securities Applicant for a specific security upon the admission of such security by the CSD including the annexes to such form or any other documents that may be required by the CSD as part of the …
19securities only account holder — In the ESES context, any Party that holds one or more Securities Accounts and is able to transfer securities using free of payment instructions only. Euroclear Clearing and Settlement glossary …
20clearing 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,… …
