clearing Definition

clearing

Definition 1
The collection of funds which a check is drawn on, and the payment of those funds to the bearer.

Definition 2
The verification of information between the two brokers in a securities transaction and the subsequent settlement (delivery of certificates in exchange for payment).

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Committee on Uniform Securities Identification Procedures

CUSIP

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Mbs Clearing Corporation (Mbscc)

clearing margin

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clearinghouse

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clearing member

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clearing is ...

... part of the Banking and Brokerages subjects.

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