nonclearing member

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Nonclearing member

An exchange member firm that is not able to clear transactions, and must pay another member firm to carry out its clearing operations.

Nonclearing Member

A member firm on an exchange that does not provide clearing services for other members and does not clear its own transactions. Nonclearing members must use a clearing house on the exchange to clear and settle trades. It pays a clearing fee for these services.

nonclearing member

A member of a securities exchange that does not belong to the exchange's clearing facility. Rather, the nonclearing member pays another firm to provide the service.
References in periodicals archive ?
The new service very efficiently keeps margin collateral of clients and non-clearing members separate from the clearing member s collateral holdings for own accounts.
Improves STP for centrally cleared trades with full clearing workflow supportthat supports both clearing and non-clearing members andseamless integration to Summit FT's Collateral Management module.
Improves STP for centrally cleared trades with full clearing workflow support that supports both clearing and non-clearing members and seamless integration to Summit FT's Collateral Management module.
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