Clearing house: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
imported>Doug Williamson
(Remove surplus link.)
Line 19: Line 19:
* [[Clearing member]]
* [[Clearing member]]
* [[Clearing system]]
* [[Clearing system]]
* [[LCH.Clearnet]]
* [[LME Clear]]
* [[LME Clear]]
* [[RCH]]
* [[RCH]]

Revision as of 21:02, 2 December 2021

Funds transfer

(CH).

A formal or informal association of financial or other institutions that facilitates the exchange of items drawn on participants.

This exists via a central location or central processing mechanism through which financial institutions agree to exchange payment instructions or other financial obligations (for example securities).

The institutions settle for items exchanged at a designated time based on the rules and procedures of the clearing house.


In some cases, the clearing house may assume significant counterparty, financial or risk management responsibilities for the clearing system.


See also