clearing-house statement

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Clearing-House Statement

A document that a participating firm submits to a clearing house on an exchange. The statement contains information on the positions the firm holds and the amount that must be paid to each client of the firm. The clearing house nets all information submitted on clearing house statements and ensures that the least amount of money has to change hands.

clearing-house statement

A statement of security or commodity trades submitted by a member firm to a clearing house. The statement indicates the net balance (that is, short or long) in each security or commodity and the net amount to be paid or received to reconcile the member's account.
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Benefits of BloomNet's website program include uniquely flexible clearing house statement payment options, allowing Florists to apply their website costs directly to their monthly statements.

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