clearing of securities
21Securities Acts Amendments of 1975 — Legislation to encourage the establishment of a national market system together with a system for nationwide clearing and settlement of securities transactions. Bloomberg Financial Dictionary …
22securities account — An account opened by a Client through a Party with a Euroclear Group ( I)CSD to which are credited securities held by the Client with that ( I)CSD. Euroclear Clearing and Settlement glossary …
23securities account holder — A Client who is the holder of a securities account. Euroclear Clearing and Settlement glossary …
24clearing corporation — A corporation, all of the capital stock of which is held by or for a national securities exchange or association registered under a statute of the U.S., such as the Securities Exchange Act of 1934. U.C.C. No. 8 102(3) …
25clearing corporation — A corporation, all of the capital stock of which is held by or for a national securities exchange or association registered under a statute of the U.S., such as the Securities Exchange Act of 1934. U.C.C. No. 8 102(3) …
26clearing corporations — Organizations that are affiliated with exchanges and are used to complete securities transactions by taking care of validation, delivery, and settlement. Bloomberg Financial Dictionary …
27Clearing House Electronic Subregister System — ( CHESS) CHESS is the automatic transfer and settlement system for the majority of Australian Stock Exchange ( ASX) listed securities. Bloomberg Financial Dictionary …
28securities distribution — Corporate action that occurs without any action required on the part of individual holders of the security. In such case, the issuer of a security (or its chosen agent) delivers a security benefit to holders of the security. The corporate action… …
29Clearing System — A system that facilitates the transfer of ownership of securities and arranges custody. ► See also Clearstream and Euroclear …
30clearing agency — business in which securities can be deposited for safekeeping …