CLEARINGHOUSE
Clearing house
A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as well as off-exchange in the over-the-counter market.The above text is a snippet from Wikipedia: Clearing house (finance)
and as such is available under the Creative Commons Attribution/Share-Alike License.
clearing house
Noun
- A central point where clearing banks exchange checks etc and settle accounts
- A hub of goods traffic
- A repository structure, physical or virtual, that collects, stores, and disseminates information, metadata, and data
The above text is a snippet from Wiktionary: clearing house
and as such is available under the Creative Commons Attribution/Share-Alike License.