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单词 clearinghouse
释义

clearinghouse


clear·ing-house

or clear·ing·house (klîr′ĭng-hous′)n. An office where banks exchange checks and drafts and settle accounts.

clear′ing•house`

or clear′ing house`,



n., pl. -hous•es (-ˌhaʊ zɪz) 1. a place or institution where mutual claims and accounts are settled, as between banks. 2. a central agency for the collection and distribution of materials, information, etc. [1825–35]

clearinghouse


clear·ing·house

(klēr'ing-hows) A company providing billing services for providers and insurance companies.
LegalSeeClearing house

Clearinghouse


Clearinghouse

An adjunct to a futures exchange through which transactions executed on its floor where trades are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and the adequate financing of the entire operation.

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.

Clearinghouse.

Clearing corporations, or clearinghouses, provide operational support for securities and commodities exchanges. They also help ensure the integrity of listed securities and derivatives transactions in the United States and other open markets.

For example, when an order to buy or sell a futures or options contract is executed, the clearinghouse compares the details of the trade. Then it delivers the product to the buyer and ensures that payment is made to settle the transaction.

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更新时间:2024/12/22 21:14:38