HomeDefinitionsCompareDebt Joint clearing membersThe financial definition for Joint clearing members:Firms that clear on more than one exchange. Similar MatchesAutomated 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 clearingCheck clearingThe 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 corporationsClearing corporationsOrganizations that are affiliated with exchanges and are used to complete securities transactions by taking care of validation, delivery, and settlement. Further SuggestionsClearing House Automated Payments System (CHAPS)Clearing House Electronic Subregister System (CHESS) Clearing house funds Clearing House Interbank Payments System (CHIPS) Clearing member Clearinghouse Market clearing Click to compare definitions of Joint clearing members Click to view definitions beginning jo |