clearing transactions
41Recognized Clearing House — RCH A clearing house that organizes the settlement of transactions on recognized investment exchanges. There are currently two: The London Clearing House (LCH. Clearnet) and CREST LCH guarantees and clears derivatives transactions while CREST… …
42Central Counterparty Clearing — (CCC) is a process by which financial transactions in equities are cleared by a single (i.e., central ) counterparty. Please see Clearing (finance) for general information about clearing. This article contains specifics about the process as it… …
43New York Clearing House Association — An organization established in 1853 to simplify the settlement of interbank transactions. Modeled after the London Clearing House, which was established in 1773, the New York Clearing House Association was the first in the United States. Before… …
44Australian Clearing House and Electronic Sub-register System — The Australian Clearing House and Electronic Sub register System (commonly abbreviated to CHESS) is an electronic book entry register of holdings of approved securities that facilitates the transfer and settlement of market transactions between… …
45Code of Conduct for Clearing and Settlement — The European Code of Conduct for Clearing and Settlement (Code of Conduct) is an initiative of European securities exchanges, clearing houses and central securities depositories to set a uniform rules for trading, clearing, settlement and custody …
46Depository Trust & Clearing Corporation - DTCC — Established in 1999, the DTCC is a holding company consisting of 5 clearing corporations and 1 depository, making it the world s largest financial services corporation dealing in post trade transactions. Owned by its principal users, the DTCC s… …
47General 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 …
48Individual 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 …
49International Commodities Clearing House - ICCH — An international clearing house for futures markets around the world. Based in London, the ICCH maintains and organizes the daily duties of clearing futures contracts and guarantees the due fulfillment of transactions for its registered members.… …
50Central Counterparty Clearing House - CCP — An organization that exists in various European countries that helps facilitate trading done in European derivatives and equities markets. These clearing houses are often operated by the major banks in the country. The house s prime… …
