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 ?
Global Banking News-June 21, 2017--ECB and BoE issue conflicting statements on clearing houses
Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that the Bank of England has authorised ICE Clear Europe as a central counterparty (CCP) in accordance with the European Market Infrastructure Regulation (EMIR).
ISLAMABAD -- Securities and Exchange Commission of Pakistan (SECP) has approved the Clearing Houses (Licensing and Operations) Regulations, 2016.
ISLAMABAD -- In line with its efforts to strengthen the capital market and as part of subsidiary legislation under the Securities Act, 2015, the Securities and Exchange Commission of Pakistan (SECP) on Tuesday approved the Clearing Houses (Licensing and Operations) Regulations, 2016.
With the addition of HCH, ICE operates six clearing houses, and intends to launch ICE Clear Singapore in March 2015, subject to receipt of regulatory approvals.
This practice became so widespread that banks in many cities constructed jointly owned clearing houses.
The acquisition adds to ICE's current network of markets and clearing houses in the US, Canada, Brazil, the UK and continental Europe and provides ICE with exchange and clearing infrastructure in Asia for the first time.
BRUSSELS (Reuters) - The European Commission may draw up rules for rescuing and closing down failing clearing houses and insurers, as regulators across the world seek to prevent collapsed businesses from wreaking havoc in financial markets.
According to the SEC, conflicts of interest in the ownership of clearing houses could cause banks to restrict access to swap clearing facilities for some participants, in order to gain a competitive advantage.
Building on our successful business relationship with Bursa Malaysia, we see many other opportunities to deliver cost effective solutions for brokers, exchanges and clearing houses in the region.
Clearing houses worldwide are critical infrastructure institutions for capital markets and it is expected that with the implementation of this comprehensive regulatory framework, clearing house in Pakistan will be better geared towards provision of efficient clearing and settlement services, while ensuring maximum reduction of risks, thus promoting investor confidence.
Elmer Funke Kupper, ASX Managing Director and CEO, said: Our commitment to meet the highest standards in both clearing houses is important for end-investors and for domestic and international investment banks that operate in Australia.

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