clearing house


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clearing house

or

clearinghouse

n
1. (Banking & Finance) banking an institution where cheques and other commercial papers drawn on member banks are cancelled against each other so that only net balances are payable
2. a central agency for the collection and distribution of information or materials
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.clearing house - a central collection place where banks exchange checks or draftsclearing house - a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assets
Translations

clearing house

n (Fin) → camera di compensazione
References in periodicals archive ?
IBM today announced The Clearing House, a national payments system operator for the U.
It also prove audit and accounts, appointment and conduct of directors and management, fit and proper criteria for directors and management and manner of outsourcing of important functions, for the clearing house.
In compliance with the requirements of the Act, the regulations provide for matters relating to licensing, minimum financial resources, duties and obligations, audit and accounts, appointment and conduct of directors and management, fit and proper criteria for directors and management and manner of outsourcing of important functions, for the clearing house.
3 December 2014 - US-based exchange and clearing house network Intercontinental Exchange (NYSE: ICE) said has completed its previously announced strategic investment in Netherlands-based derivatives clearing house Holland Clearing House to support its clearing strategy.
Left) Chairman of the | Coventry and Warwickshire LEP, Jonathan Browning THE new boss of Coventry and Warwickshire Clearing House claims it's 'an exciting' time for the region.
The fiat currency and equally fiat bank reserves it creates are much in contrast to the private currency and bank reserves that die commercial banks' clearing house associations provided in the latter half of the 19th century.
4 February 2014 -- Atlanta US-based exchange and clearing house operator IntercontinentalExchange Group (NYSE: ICE) said it has closed its acquisition of Singapore Mercantile Exchange following regulatory approval by the Monetary Authority of Singapore.
Publishers Clearing House, a multi-channel direct marketer of consumer products and magazines, said today that it has acquired Liquid Wireless, a company that specialises in mobile lead generation, media buying and analytics.
Pan-European cash equities clearing house EuroCCP has signed a memorandum of understanding to become the clearing house for pioneer Spanish multilateral trading facility (MTF) PAVE.
launched a multiyear, affinity-based marketing campaign and partnership through Publishers Clearing House and its digital network.
EPN's OFAC Screening provides a cost-effective solution for financial institutions of all sizes to manage their cross-border ACH traffic," said Rossana Salaris, senior vice president of The Clearing House, responsible for EPN.
Through the agreement, Electronic Clearing House collects the money, eFunds verifies the check and SCAN scores the transaction's risk.

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