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.
Popular 'Brokerages' Terms
Related Terms
Mentioned in these terms
- fixed income clearing corporation (FICC)
- Government Securities Clearing Corporation
- depository trust and clearing corporation
- The Clearing Corporation
- Mbs Clearing Corporation (Mbscc)
- National Securities Clearing Corporation
- Depository Trust and Clearing Corporation (DTCC)
- Stock Clearing Corporation
- Options Clearing Corporation
