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.

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References in periodicals archive ?

Our choice for Emirates NBD as a clearing member to carry out the clearing operations for the company's transactions was a natural fit due to the bank's efficiency and outstanding service, as well as its stature as the largest local licenced bank in providing clearing and settlement services to achieve greater protection for investors.

Emirates NBD signs with Index Securities for general clearing member services

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.

Sebi board clears big bang reforms

The other five Asian clearing member firms are BOCI Commodities and Futures Ltd.

UOBBF Clearing approved by CME Group

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.

Swap Meet

requirements of the clearing organization: if a clearing member does not

Derivatives clearinghouses and systemic risk: a bankruptcy and Dodd-Frank analysis

Two major banks, UBS and Wells Fargo Securities, have signed up with derivatives exchanges in Asia and the US as clearing members.

Banks embrace OTC derivatives clearing

TIPS supplies more immediate notice of erroneous trades; on-line clearing member trade review; enhancements to the Exchange's audit trail capabilities; and on-line Exchange compliance and clearing corporation trade review.

On the Market

Among many concerns, TCH wants to ensure that Clearing Member liability be limited and ascertainable, CCPs have appropriate governance structures and risk and liquidity management protocols and liquidity demands on clearing members be evaluated in light of new and conflicting demands.

The Clearing House Association Releases White Paper Focused on Central Counterparty Risk

Summary: The bank is the first UAE-based financial services entity to be approved by SCA -- Securities and Commodities Authority as a General Clearing Member providing clearing and settlement services to trading participants of the UAE's equity markets

Emirates NBD signs deal with Al Fajer Securities

CME Group today announced that it will exit the company's credit default swap (CDS) clearing business by mid-2018, freeing up $650 million in clearing member capital.

United States : CME Group to Exit OTC Credit Clearing Business, Return $650M in Capital to Clearing Members

Emirates NBD, a leading bank in the region, has announced that it will provide Clearing Member services to its subsidiary, Emirates NBD Securities making the brokerage firm, the first trading member to sign with the bank.

ENBD signs up first equity trading member

The Reserve Bank of India has said that it could be prompted to take action if the use of collateral for purposes, other than those it is intended for, by the clearing member is not contained.