Business / Taxes / Clearinghouse: Clearing corporations, or clearinghouses, provide operational support for securities and commodities exchanges. They also help ensure the integrity of listed securities and derivatives transactions in the United States and other open markets. For example, when an order to buy or sell a futures or options contract is executed, the clearinghouse compares the details of the trade. Then it delivers the product to the buyer and ensures that payment is made to settle the transaction.
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
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