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)
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clearing house

Noun

  1. A central point where clearing banks exchange checks etc and settle accounts
  2. A hub of goods traffic
  3. 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.

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