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.
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
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
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.