electronic clearing house
1Electronic Clearing Service — [ [http://www.rbi.org.in/scripts/ECSUser.aspx Electronic Clearing Service] ] is a mode of electronic funds transfer from one bank account to another bank account using the services of a Clearing House set up by Reserve Bank of India. This is… …
2Clearing House Interbank Payment System — ( CHIPS) A privately owned electronic system in New York City that is used to transfer funds between banks. Often used for funds moving into and out of the United States. See Fed wire and Society for Worldwide Interbank Financial… …
3Clearing house (finance) — A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as… …
4clearing house — An adjunct to a futures exchange through which transactions executed on its floor where trades are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and… …
5Clearing House Interbank Payments System — The Clearing House Interbank Payments System (CHIPS) is the main privately held clearing house for large value transactions in the United States, settling well over US$1 trillion a day in around 250,000 interbank payments. Together with the… …
6Clearing house interface — A Clearing House is a centralised facility for the exchange of mutual claims by financial institutions with settlement of the net balance. The aim is to provide the branches of a bank with an electronic link to their local clearing house. Tape… …
7Clearing 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… …
8Clearing 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… …
9Clearing House Electronic Subregister System - CHESS — A computer system operated by the Australian Stock Exchange (ASX) that facilitates the transfer of a security s legal ownership from a seller to a buyer and also any monetary transactions between the two parties. In the ASX, the Clearing House… …
10clearing house — An organization that provides for settlement of bank or stock market transactions; centralized source of services. ► “The association will also serve as a clearing house of information on the subject of security.” (Electronic Business Buyer,… …
