clearing house — A body through which futures or commodity trading takes place. It monitors transactions and provides a system for financial settlement. For exchange contracts, namely, transactions conducted through clearing houses, the clearing house also acts… … Law dictionary
Clearing House — An agency or separate corporation of a futures exchange responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery and reporting trading data. Clearing houses act as third parties to… … Investment dictionary
clearing fee indicator — A designation on a trade record which indicates the rate to be paid for clearing services: E = Equity Members, Clearing Members*; L = Lessee/106.F.Employees; B = CBOE Member (trading S&P products only); H = 106.H./J. Firms; C = Non member (… … Financial and business terms
Broker-dealer — A broker dealer is a company that trades securities for customers as well as for its own account. In the United States, a broker dealer has to be registered with the Financial Industry Regulatory Authority. When executing trade orders on behalf… … Wikipedia
broker to custodian trade affirmation system — ( SBI) Euroclear Clearing and Settlement glossary A stock exchange ( Euronext) trade affirmation platform, managed by Euroclear France, used between brokers and their clients (custodians). Confirmed trades automatically generate DVP securities… … Financial and business terms
Central Counterparty Clearing — (CCC) is a process by which financial transactions in equities are cleared by a single (i.e., central ) counterparty. Please see Clearing (finance) for general information about clearing. This article contains specifics about the process as it… … Wikipedia
Executing Broker — The broker or dealer that finalizes and processes an order on behalf of a client. The orders sent to executing brokers are assessed for appropriateness, and if the order is deemed practical, the executing broker will then carry out the order. If… … Investment dictionary
Depository Trust & Clearing Corporation — Type Private Industry Finance Ge … Wikipedia
Options Clearing Corporation — Industry clearing Founded 1973 Headquarters Chicago, IL … Wikipedia
The Depository Trust & Clearing Corporation — (DTCC) USA A holding company set up in 1999 to combine the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC) to offer clearance and settlement services to the securities markets. The DTCC now operates through… … Law dictionary
