central clearing system

central clearing system. A method of facilitating securities transactions in which an agent or subsidiary of an exchange acts as a clearinghouse for member brokerage firms by clearing their checks, settling their accounts, and delivering their payments. • Most transactions are reflected solely by computerized book entries, and clearing-house statements are submitted showing the net balance to be paid to reconcile the member firm’s accounts.

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词条贡献者

资深译员文楷，毕业于亚洲一流的高级翻译学院，擅长翻译各类与电信、媒体和技术相关的法律文件。