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.

---

词条贡献者

译者亚明，毕业于国内一流的高级翻译学院，擅长翻译各种与网络安全、隐私和数据保护相关的法律文件。