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Clearing member

• Is a person that is associated as a responsible party for activities related to the clearance of futures, options, or securities transactions.

• A member firm of a clearing house. Each clearing member must also be a member of the exchange. Not all members of the exchange, however, are members of the clearing organization. All trades of a non-clearing member must be registered with, and eventually settled through, a clearing member.

 
 Embedded terms in definition
 Clearing
Exchange
Firm
Futures
Member firm
Member
Options
Securities
The exchange
 
 Related Terms
 Automated clearing house
Clearing
Clearing float
Clearing house automated payment system
Clearing house interbank payment system
Clearing house or clearinghouse
Joint clearing members
Market clearing
Member
Member firm
Mortgage backed securities clearing corporation
Options clearing corporation

<< Clearing house or clearinghouse Clearinghouse >>

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