clearing system
41system transaction administrator — In a central system, the entity or neutral body, in charge of providing services to the system s members. It is in charge of performing specified tasks on behalf and under the responsibility of the system s direct members. It can be a matching… …
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 keys — Combination of account number, origin, CTI, clearing fee, foreign exchange/firm and memo fields, when defined, automatically populates the order entry box fields in the CME Globex system. Chicago Mercantile Exchange Glossary …
44system paying agent — ( SPA) Euroclear Clearing and Settlement glossary The party within the CSD that is responsible for distributing resources relating to a specific distribution to other CSD parties. Euroclear Clearing and Settlement glossary …
45clearing cycle — The process by which a payment made by cheque, etc., through the banking system is transferred from the payer s to the payee s account. Historically, in the UK the average time for the clearing cycle to be completed was three days, although by… …
46Clearing Houses Automated Payment System — CHAPS See: Association for Payment Clearing Services …
47clearing cycle — The process by which a payment made by cheque, etc. , through the banking system is transferred from the payer s to the payee s account. Historically, in the UK the average time for the clearing cycle to be completed was three days, although by… …
48Clearing Houses Automated Payment System — CHAPS See Association for Payment Clearing Services …
49clearing — / klɪərɪŋ/ noun 1. ♦ clearing of goods through customs passing of goods through customs 2. an act of passing of a cheque through the banking system, transferring money from one account to another …
50clearing house funds — / klɪərɪŋ haυs ˌfʌndz/ plural noun funds which are in the process of passing through the clearing house system …