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.
专业法律词汇 词条贡献者
译者Gary,毕业于国内一流的翻译学院,擅长翻译各种与合规与风控相关的法律文件。
Scroll to Top