clearing agency

clearing agency
business in which securities can be deposited for safekeeping

English contemporary dictionary. 2014.

Look at other dictionaries:

  • securities clearing agency — Under Title 11 U.S.C. Section 101: (48) The term securities clearing agency means person that is registered as a clearing agency under section 17A of the Securities Exchange Act of 1934, or exempt from such registration under such section… …   Glossary of Bankruptcy

  • clearing house — ► NOUN 1) a bankers establishment where cheques and bills from member banks are exchanged. 2) an agency which collects and distributes information …   English terms dictionary

  • clearing 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… …   Financial and business terms

  • Clearing House — An agency or separate corporation of a futures exchange responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery and reporting trading data. Clearing houses act as third parties to… …   Investment dictionary

  • Clearing 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… …   Wikipedia

  • clearing — n. 1 in senses of CLEAR v. 2 an area in a forest cleared for cultivation. Phrases and idioms: clearing bank Brit. a bank which is a member of a clearing house. clearing house 1 a bankers establishment where cheques and bills from member banks are …   Useful english dictionary

  • clearing corporation — An independent corporation that settles all trades made at the Chicago Board of Trade acting as a guarantor for all trades cleared by it, reconciles all clearing member firm accounts each day to ensure that all gains have been credited and all… …   Financial and business terms

  • clearing bank — 1) In the UK, a bank that is a member of the central clearing system, to enable passage and clearance of cheques. It is often used as an alternative description for the major High Street banks. 2) In the USA, a bank that settles federal, agency,… …   Big dictionary of business and management

  • agency agreement — 1) An agreement between a customer and a bank allowing the customer to bank cheques at a branch of that bank, usually for logistical reasons. The cheques thus enter the clearing system, although the customer does not have an account with that… …   Big dictionary of business and management

  • clearing house — noun 1》 a bankers establishment where cheques and bills from member banks are exchanged, so that only the balances need be paid in cash. 2》 an agency which collects and distributes something, especially information …   English new terms dictionary

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