clearing member


Also found in: Acronyms.

Clearing member

A member firm of a clearing house. Each clearing member must also be a member of the exchange. Not all members of the exchange, however, are members of the clearing organization. All trades of a non-clearing member must be registered with, and eventually settled through, a clearing member.

Clearing Member

A member firm on an exchange that is also a member of a clearing house. Clearing members have access to the clearing house for the settlement of transactions. Non-member firms on an exchange must work with and through a member firm in order to settle their own transactions. See also: Clearing fee.

clearing member

A member of a clearing house. Membership in such a house permits the member firm to use it for clearing security trades.
References in periodicals archive ?
As the first qualified general clearing member for UAE equity markets, Emirates NBD is uniquely placed to support firms operating in the sector, and we are delighted to have been chosen by Index Securities to provide a range of services to enhance the efficiency of their business moving forward," said Tariq bin Hendi, executive vice-president and head of Products & Advisory, Emirates NBD Group.
Sebi has decided to make it easier to do business by allowing the grant of a unified licence to brokers and clearing members to operate in commodity derivative as well as equity markets.
Sponsors should also expect clearing members, investment managers and other parties involved in swap transactions to ask for additional representations to assure compliance, or to protect themselves from liability, with respect to ERISA, Dodd-Frank and CFTC regulations.
The clearinghouse's ability to manage a clearing member
As a full remote clearing member on the Chicago exchanges, SEB strengthens its position as a strong international player, the company said.
TIPS reduces errors, cuts costs and trims time from trade data entry, matching and clearing member acceptance.
Karachi -- National Clearing Company of Pakistan Limited (NCCPL) on Tuesday directed clearing member to deposit amount of capital gain tax (CGT) for the period of July August 2018 by September 28, 2018.
Jessica Combes UAEbased Amwal Brokerage has signed up as trading member to avail Emirates NBD's settlement and clearing services Following approval by the Securities and Commodities Authority (SCA) as a 'General Clearing Member', Emirates NBD has added several clients to its growing portfolio making it the market leader in providing clearing and settlement services to trading participants of the UAE's equity markets.
Following approval by 'SCA - Securities and Commodities Authority as a 'General Clearing Member', Emirates NBD has added several clients to its growing portfolio making it the market leader in providing clearing and settlement services to trading participants of the UAE's equity markets.
Summary: Bank is the first UAE-based financial services entity to be approved by the regulator as a General Clearing Member
SCA granted Emirates National Bank of Dubai the approval to become general clearing member in local markets -- thus become the first side in UAE financial markets to practice general clearing.
Muscat: RBS Securities (RBS) yesterday became a Clearing Member of Dubai Mercantile Exhange (DME), the Middle East's premier international energy futures and commodities exchange.