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clearing house

A clearing house is an agency or stand-alone company that settles money market or financial transactions for a fee. As a clearing house for the trade settlement of financial transactions, the clearing house is responsible for ensuring compliance with the transaction, the offsetting of receivables and payables, the delivery date and the flow of funds. The responsibility ends with the transaction. Clearing houses often handle futures transactions, trades and contracts.

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Englisch: clearing house
Updated at: 26.03.2013
#Words: 70
Translations: DE