clearing house


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Related to clearing house: Clearing House Interbank Payments System, Automated Clearing House

Clearing Corporation

An agency or corporation on an exchange that settles transactions for a fee. Most exchanges have one or more clearing corporations that are charged with matching orders together, ensuring that delivery is made to the correct party, and collecting margin money. Because so many trades take place on an exchange in a given day, clearing corporations exist to process what each party owes or is owed in a central location so that the fewest securities and the least amount of money actually change hands. For example, suppose that a broker-dealer buys 1,000 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 corporations receive a clearing fee in exchange for these services.

clearing house

A corporation established by an exchange in order to facilitate the execution of trades by transferring funds, assigning deliveries, and guaranteeing the performance of all obligations. See also clearing-house statement.
References in periodicals archive ?
Members of The Clearing House participating in the initiative so far include LaSalle Bank, BB&T, Bank of America, Citibank, JP Morgan Chase, Comerica, HSBC, KeyBank, National City, PNC, U.
Talent Clearing House is a third party service provider powered by a proprietary system so customers benefit from automation and economies of scale without having to purchase software or train staff members.
org/ or by visiting the consumer affairs section of the Publishers Clearing House web site at http://www.
Talent Clearing House is a third-party service provider powered by a proprietary system so customers benefit from automation and economies of scale without having to purchase software or train staff members.
Milano came to The Clearing House five years ago after serving as President of Western Payments Alliance and played a key role in consolidating SVPCO's paper check clearing businesses across the country.
The superfluity of banks stimulated the development of clearing house banks and, subsequently, clearing house associations to economize the humdrum work of check clearing.
He said: "I have been a businessman for over 20 years and I know the importance of innovation and creativity which the Clearing House is designed to foster particularly among the advanced manufacturing and engineering sector.
We specialize in working with multiple stakeholders to develop electronic tools to record, report, and communicate scientific data, and we look forward to applying our expertise to support the development of an innovative e-NCN system for the OECD Clearing House on New Chemicals.
No matter how many winners we surprise or how much money we give away, it's a thrill for us every single time," said Dave Sayer -- who heads the Prize Patrol and who has presented virtually every major Publishers Clearing House Sweepstakes prize since 1981.
ICE operates the London-based ICE Clear Europe, with HCH representing ICE's first continental European clearing house.
NEW YORK -- The Clearing House Association (TCH) has released (1) a report on TCH's recently-concluded Title II OLA-Resolution Simulation exercise; and (2) a white paper detailing how Title II and the single-point-of-entry approach can be used to resolve a large, complex financial institution.
Robert Gonzales of Lakewood, Colorado was paid a surprise visit Monday by the Publishers Clearing House Prize Patrol who named him the winner of a whopping $1,000,000.

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