clearing firm

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 corporation or clearing house.

Use clearing firm in a sentence

You may want to find a good clearing firm to do business with that may make things easier for your company.

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He worked for the clearing firm and we were all happy to start working with him and finding out what he did.

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The clearing firm had confirmed the transaction so we were able to tell the client that the transactions were complete.

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