clearing transactions
11Clearing Corporation — An organization associated with an exchange to handle the confirmation, settlement and delivery of transactions, fulfilling the main obligation of ensuring transactions are made in a prompt and efficient manner. They are also referred to as… …
12Clearing — 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… …
13Clearing House Association, LLC — The Clearing House Association, LLC is the nation’s oldest banking association representing 17 of the world s largest commercial banks, which collectively employ over 2 million people and hold more than half of all U.S. deposits. It is a… …
14Clearing House Interbank Payments System — CHIPS A US bankers clearing house for paying and accepting funds. It is an electronic system operated through terminals in bank branches. Participating banks must be members of the New York Clearing House Association or affiliates of it, for… …
15Clearing House Inter-Bank Payments System — CHIPS A US bankers clearing house for paying and accepting funds. It is an electronic system operated through terminals in bank branches. Participating banks must be members of the New York Clearing House Association or affiliates of it, for… …
16Clearing 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… …
17clearing non-trade transaction — Composed of transfers, exchange for physicals (EFPs), blocks and give ups. Transfers, blocks and EFPs are privately negotiated, ex pit transactions, while give ups relate to post trade processing. Cancels and replaces do not generate clearing non …
18clearing firm — A firm approved to clear trades through CME Clearing. Class A clearing firms are approved to clear transactions for all commodities. See also clearing member. Chicago Mercantile Exchange Glossary …
19Clearing — The procedure by which an organization acts as an intermediary and assumes the role of a buyer and seller for transactions in order to reconcile orders between transacting parties. Clearing is necessary for the matching of all buy and sell orders …
20clearing 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… …
