Security clearance financial definition of Security clearance. Security clearance finance term by the Free Online Dictionary.

Clearance

The process of settling transactions. Most exchanges have one or more clearing houses, which are charged with matching orders together, ensuring that deliveries are made to the correct parties, and collecting margin money. Because so many trades take place on an exchange in a given day, clearing houses exist to process what each party owes or is owed in a central location so the fewest securities actually change hands. For example, suppose that a broker-dealer buys 1000 shares of a security and then, in a completely separate transaction, sells 700 of the same shares. At the end of the trading day, the clearing house would determine that the broker-dealer must only buy 300 shares as the other 700 belong to another party. Clearing houses receive a clearing fee in exchange for clearance services.

Clearance. Clearance is the first half of the process that completes your order to buy or sell a security. During clearance, the details on both sides of the transaction are compared electronically to ensure that the order to buy and the order to sell correspond.

For example, in a stock transaction, the Committee on Uniform Securities Identification Procedures (CUSIP) number, the number of shares, and the price per share must match.

Next, transactions within each broker-dealer are netted down, or offset, by matching its clients' buy orders against sell orders from others of its clients or among a group of affiliated firms. Their records are then updated to reflect the new ownership and account balances.

Any unmatched orders are forwarded to the National Securities Clearing Corporation (NSCC), which instructs selling broker-dealers to provide the relevant securities and the buying broker-dealer to send the cash.

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Bear Stearns clearance letter closing costs Cut Out Delivered Duty Unpaid Depository Trust and Clearing Corporation Emerging Markets Clearing Corporation Ex Works Fixed Income Clearing Corporation Free Alongside Ship Intermarket Surveillance Information System Prime Brokerage Settle settlement settling Street Book Town Clearing	ISLAMABAD, October 22, 2009 (Frontier Star): The security officials have issued No Objection Certificate (NOC) to the US embassy in Islamabad with security clearance regarding storage of explosives and weapons in Sihala College, a private TV channel reported on Thursday. Sihala Scandal: NOC issued to US embassy without security clearance by The Frontier Star (Northwest Frontier Province, Pakistan) PESHAWAR, September 25, 2009 (Balochistan Times): The law enforcement agencies have refused to give security clearance for holding Tahaffuz -e-Madaris Conference due to which the district government has decided to seal the Shahi Bagh for two days, informed sources said on Friday. Security clearance to hold Tahaffuz -e-Madaris Conference, refused by Balochistan Times (Baluchistan Province, Pakistan) Byline: ANI Mohali, Dec 11 (ANI): The England and Wales Cricket Board (ECB) has given security clearance for Mohali as the venue for the second test in India. England clears Mohali as second test venue by Asian News International	Securities Exchange of Thailand Securities Industry Association Securities Industry Automation Corporation Securities Industry Committee on Arbitration Securities Industry Conference on Arbitration Securities Information Center Securities Investor Protection Act of 1970 Securities Investor Protection Corporation Securities Law Enforcement Remedies Act Securities Lending Securities Lending Agreement Securities Loan Securities Markets Securities Subsidiary Securities Trade Securities Transfer Association Securitizacao Securitizacion securitization Securitized Securitized Mortgage security security agreement Security Analyst Security Characteristic Line Security clearance security deposit Security Depository Security Industry and Financial Markets Association Security Industry Automated Corporation security instrument security interest Security Market Line Security Market Plane Security Plant Complex Security Ratings Security Selection Security Selection Decision Security Traders Association Security Valuation Security Valuation Model SED Sede central see-through building Seed Capital seed money Seek a Market Segment Segment Reporting Segmented Market Segregated Fund	Security Capital Preferred Growth security card Security Category security certification Security Certification and Authorization Package Security Certification and Authorization Process Security Certification Level Security Certification Level for High Standards Security Certification Test and Evaluation Security Certification Working Group Security Certified Network Architect Security Certified Network Professional Security Certified Network Specialist Security Certified Program Security Change Request Security characteristic line Security characteristic line Security Characteristic Lines Security Charter security check Security classification Security classification Security classification Security Classification Code Security Classification Control Officer Security Classification Guide Security Classification Procedure Security clearance Security Clearance Access Roster Security Clearance Case Files Security Clearance Electronic Processing & Recordkeeping System Security Clearance Information Act of 1985 Security Clearance Interim security code Security Coding Device Security Combat Automated Management Subsystem Security Communications Center Security Compass Labs Security Compliance Manager Security Components Exchange Protocol Security Components Message Exchange Format Security Concept of Operations Security Configuration Editor Security Configuration Management Security Configuration Wizard Security Consensus for Operational Readiness Evaluation Security Constrained Economic Dispatch Security Constrained Unit Commitment security consultant Security Container System Security Content Automation Protocol Security Control Agreement

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References in periodicals archive

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Bear Stearns
clearance letter
closing costs
Cut Out
Delivered Duty Unpaid
Depository Trust and Clearing Corporation
Emerging Markets Clearing Corporation
Ex Works
Fixed Income Clearing Corporation
Free Alongside Ship
Intermarket Surveillance Information System
Prime Brokerage
Settle
settlement
settling
Street Book
Town Clearing

ISLAMABAD, October 22, 2009 (Frontier Star): The security officials have issued No Objection Certificate (NOC) to the US embassy in Islamabad with security clearance regarding storage of explosives and weapons in Sihala College, a private TV channel reported on Thursday.

Sihala Scandal: NOC issued to US embassy without security clearance by The Frontier Star (Northwest Frontier Province, Pakistan)

PESHAWAR, September 25, 2009 (Balochistan Times): The law enforcement agencies have refused to give security clearance for holding Tahaffuz -e-Madaris Conference due to which the district government has decided to seal the Shahi Bagh for two days, informed sources said on Friday.

Security clearance to hold Tahaffuz -e-Madaris Conference, refused by Balochistan Times (Baluchistan Province, Pakistan)

Byline: ANI Mohali, Dec 11 (ANI): The England and Wales Cricket Board (ECB) has given security clearance for Mohali as the venue for the second test in India.

England clears Mohali as second test venue by Asian News International

Securities Exchange of Thailand

Securities Industry Association

Securities Industry Automation Corporation

Securities Industry Committee on Arbitration

Securities Industry Conference on Arbitration

Securities Information Center

Securities Investor Protection Act of 1970

Securities Investor Protection Corporation

Securities Law Enforcement Remedies Act

Securities Lending

Securities Lending Agreement