clearing corporation Definition

clearing corporation

Definition

An organization which works with the exchanges to handle confirmation, delivery and settlement of transactions. Such corporations play a key role in ensuring that executed trades are settled within a specified period of time and in an efficient manner. also called clearing firm or clearing house.

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Related Terms

Depository Trust Company - More

member firm - More

nonmember firm - More

clearing broker

Mentioned in these terms

Mbs Clearing Corporation (Mbscc)

Options Clearing Corporation

Government Securities Clearing Corporation

Stock Clearing Corporation

National Securities Clearing Corporation

Popular 'Brokerages' Terms

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clearing corporation is ...

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Nearby Terms

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Clearing House Interbank Payments System
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