clearing corporation

clearing corporation
An independent corporation that settles all trades made at the Chicago Board of Trade acting as a guarantor for all trades cleared by it, reconciles all clearing member firm accounts each day to ensure that all gains have been credited and all losses have been collected, and sets and adjusts clearing member firm margins for changing market conditions. Chicago Board of Trade glossary
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An agency connected with a financial exchange through which brokers and other parties to a securities trade settle trades conveniently, with minimum paperwork. Financial settlements are simplified by combining and netting transactions.
Sometimes called a clearinghouse. American Banker Glossary

Financial and business terms. 2012.

См. также в других словарях:

  • Clearing Corporation — The Clearing Corporation Headquarters Delaware Website www.clearingcorp.com The Clearing Corporation (TCC, former CCorp) is a Delaware corporation owned by 17 stockholders (which include banks Goldman Sachs, Deutsche Bank and Morgan Stanley, as… …   Wikipedia

  • Clearing Corporation — An organization associated with an exchange to handle the confirmation, settlement and delivery of transactions, fulfilling the main obligation of ensuring transactions are made in a prompt and efficient manner. They are also referred to as… …   Investment dictionary

  • clearing corporation — A corporation, all of the capital stock of which is held by or for a national securities exchange or association registered under a statute of the U.S., such as the Securities Exchange Act of 1934. U.C.C. No. 8 102(3) …   Black's law dictionary

  • clearing corporation — A corporation, all of the capital stock of which is held by or for a national securities exchange or association registered under a statute of the U.S., such as the Securities Exchange Act of 1934. U.C.C. No. 8 102(3) …   Black's law dictionary

  • Depository Trust & Clearing Corporation — Type Private Industry Finance Ge …   Wikipedia

  • Options Clearing Corporation — Industry clearing Founded 1973 Headquarters Chicago, IL …   Wikipedia

  • Fixed Income Clearing Corporation — Depository Trust Clearing Corporation Unternehmensform Corporation Gründung 1999 Unternehmenssitz New York City Umsatz …   Deutsch Wikipedia

  • Depository Trust and Clearing Corporation — Depository Trust Clearing Corporation Rechtsform Corporation Gründung 1999 Sitz New York City Umsatz USD 706,2 Mio. (2007) …   Deutsch Wikipedia

  • Options Clearing Corporation - OCC — An organization that acts as both the issuer and guarantor for option and futures contracts. The Options Clearing Corporation operates under the jurisdiction of the U.S. Securities and Exchange Commission (SEC) and the Commodities Futures Trading …   Investment dictionary

  • The Clearing Corporation — Rechtsform Corporation Gründung 3. September 1925 Sitz Chicago IL Leitung Kevin R. McClear Branche Börsen …   Deutsch Wikipedia


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