The financial definition for Clearing corporations:
Organizations that are affiliated with exchanges and are used to complete securities transactions by taking care of validation, delivery, and settlement.
Edge corporationsEdge corporations
Specialized banking institutions, authorized and chartered by the Federal
Reserve Board of Governors in the U.S., that are allowed to engage in
transactions of a foreign or international character. They are not subject
to restrictions on interstate banking. Foreign banks operating in the US are
permitted to organize and own an edge corporation.
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