www.financial-terms.co.uk


Home
Definitions



Compare
Debt


Clearing member

The financial definition for Clearing member:

A member firm of a clearing house. Each clearing member must also be a member of the exchange. Not all members of the exchange, however, are members of the clearing organization. All trades of a non-clearing member must be registered with, and eventually settled through, a clearing member.




Similar Matches

Automated Clearing House (ACH)

Automated Clearing House (ACH)
A collection of 32 regional electronic interbank networks used to process transactions electronically with a guaranteed one-day bank collection float.


Check clearing

Check clearing
The movement of a check from the depository institution at which it was deposited back to the institution on which it was written; the movement of funds in the opposite direction and the corresponding credit and debit to the involved accounts. The Federal Reserve operates a nationwide check-clearing system.


Clearing corporations

Clearing corporations
Organizations that are affiliated with exchanges and are used to complete securities transactions by taking care of validation, delivery, and settlement.


Further Suggestions

Clearing House Automated Payments System (CHAPS)
Clearing House Electronic Subregister System (CHESS)
Clearing house funds
Clearing House Interbank Payments System (CHIPS)
Clearinghouse
Joint clearing members
Market clearing


Click to compare definitions of
Clearing member
Click to view definitions beginning cl
  www.financial-terms.co.uk is a finance, business, investment and stock market resource of common financial words.