Clearinghouse

Business / Finance / Clearinghouse: A member firm of a clearing house. Each clearing member must also be a member of the exchange. Not all members of the exchange, however, are members of the clearing organization. All trades of a non-clearing member must be registered with, and eventually settled through, a clearing member.

Depository Trust And Clearing Corporation (DTCC)

Business / Taxes / Depository Trust And Clearing Corporation (DTCC): The DTCC is the world's largest securities depository, holding trillions of dollars in assets for the members of the financial industry that own the corporation. It is also a national clearinghouse fo MORE

Book-Entry Security

Business / Taxes / Book-Entry Security: Book-entry securities are stocks, bonds, and similar investments whose ownership is recorded electronically rather than in certificate form. When you sell the security, the records are updated, deleti MORE

Counterparty Risk

Business / Finance / Counterparty Risk: Party on the other side of a trade or transaction. MORE

Book-Entry Securities

Business / Finance / Book-Entry Securities: System in which securities are not represented by paper certificates but are maintained in computerized records at the Fed in the names of member banks, which in turn keep computer records of the secu MORE

Delivery Versus Payment

Business / Finance / Delivery Versus Payment: The price fixed by the clearinghouse at which deliveries on futures are invoiced; also the price at which the futures contract is settled when deliveries are made. MORE

Margin Call

Business / Agriculture / Margin Call: (1) A request from a brokerage firm to a customer to bring margin deposits up to initial levels: (2) a request by the clearinghouse to a clearing member to make a deposit of original margin, or a dail MORE

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