InvestorWords.com

non-clearing member


Definition
An individual that is part of an exchange, but that does not possess the ability to settle or clear transactions. A non-clearing member must pay a firm that is a clearing member to carry out clearing actions on transactions that he/she cannot perform.


Related Videos




Search for another term


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z