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Clear

To settle a trade by the seller delivering securities and the buyer delivering funds in the proper form. A trade that does not clear is said to fail. Comparison of the details of a transaction between broker/dealers prior to settlement; final exchange of securities for cash on delivery.

Clear

To settle a transaction by the payment of the price and often the delivery of the goods. Because so many transactions occur at a given time, and because they may directly or indirectly involve a number of third parties, such as brokers, dealers, or specialists, clearing firms settle most transactions in exchange for a fee.

clear

To pay for securities delivered into an account and accept funds for securities delivered out of an account.

clear

Of or relating to a trade in which the seller delivers securities and the buyer delivers funds in the prescribed manner and on time. Compare fail. See also good delivery.
References in periodicals archive ?
The Endpoint Exchange Network is the country's first and only electronic check clearing network that capitalizes on existing imaging infrastructure and settlement relationships, with the interoperability to connect to every endpoint in the nation.
United Bankers' Bank (UBB) initially will offer clearing and settlement services for checks processed in Fiserv's facility in Eagan, Minnesota.
Fortis Clearing Chicago is a Futures Commission Merchant that provides order routing, trading facilities, clearing and settlement of derivatives and integrated electronic reporting.
Our arrangement with CCorp exemplifies our commitment to provide flexible, tailored clearing solutions to our exchanges and clearing members," said OCC President and Chief Operating Officer Michael E.
In making the move to Equinix's IBX center, The Clearing Corporation joins the aggregation of financial services companies currently operating within Equinix's Chicago Internet hub, including leading banks, financial trading companies and financial exchanges.
Regulators should monitor and test implementation of the clearing banks' plans to satisfy the regulators' sound practices and implementation timelines for core clearing and settlement organizations as described in the Interagency Paper on Sound Practices to Strengthen the Resilience of the U.
The VSoft implementation will allow PCHC to provide image capture and exchange of check images, ultimately integrating the country into a single clearing region with improvement in the overall clearing system efficiency.
In general, the Committee on Interbank Netting Schemes' central conclusions about the effects of cross-border and multicurrency netting arrangements also apply to securities clearing organizations (and to futures clearing organizations as well).
In connection with the acquisition of Schonfeld's clearing business, Penson has signed long-term contracts with Schonfeld Securities and the six correspondent firms for which Schonfeld Securities provides clearing services.
The first part is the clearing process in which payment information is conveyed from the payor to the payee, probably through intermediary banks.
Pendergraft, CEO and co-founder of Penson, said: "The GHCO acquisition significantly enhances Penson's capabilities and capacity in futures clearing, in line with our growth plans, and will provide our existing customers a major footprint at the intersection of equities, futures and options at a time of dynamic convergence in the financial services industry.
HONG KONG -- BSG Clearing Solutions (BSG), a subsidiary of Billing Services Group Limited (AIM: BILL), the telecom industry's global clearing and settlement provider, today announced the renewal and expansion of its contract with Telstra, Australia's principal telecommunications company, for financial clearing and settlement services.