clearing firm

clearing firm
A firm approved to clear trades through CME Clearing. Class A clearing firms are approved to clear transactions for all commodities. See also clearing member. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Clearing house (finance) — A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as… …   Wikipedia

  • Clearing Member Trade Agreement - CMTA — An agreement by which an investor may enter derivative trades with a limited number of different brokers and later consolidate these trades with one brokerage house for clearing. When the position is consolidated, some brokers will give up their… …   Investment dictionary

  • firm number — A three digit numeric code used in CME s Clearing System to identify a clearing firm. Chicago Mercantile Exchange Glossary …   Financial and business terms

  • clearing member — A member of an exchange clearinghouse. Memberships in clearing organizations are usually held by companies. Clearing members are responsible for the financial commitments of customers that clear through their firm. Chicago Board of Trade glossary …   Financial and business terms

  • firm — Refers to an order to buy or sell that can be executed without confirmation for some fixed period. Also, a synonym for company. Bloomberg Financial Dictionary At CME, it is called a clearing member firm. A company that has membership privileges… …   Financial and business terms

  • clearing corporation — An independent corporation that settles all trades made at the Chicago Board of Trade acting as a guarantor for all trades cleared by it, reconciles all clearing member firm accounts each day to ensure that all gains have been credited and all… …   Financial and business terms

  • Clearing — Compensation La compensation (clearing en anglais) est un mécanisme permettant à des banques et des institutions financières, membres de la chambre de compensation, de régler les montants dus et de recevoir les actifs correspondants aux… …   Wikipédia en Français

  • Clearing member — 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… …   Financial and business terms

  • clearing fee indicator — A designation on a trade record which indicates the rate to be paid for clearing services: E = Equity Members, Clearing Members*; L = Lessee/106.F.Employees; B = CBOE Member (trading S&P products only); H = 106.H./J. Firms; C = Non member (… …   Financial and business terms

  • Clearing Member Trade Agreement — ( CMTA) An agreement that allows a client to execute derivative trade through different brokers yet consolidate positions for clearing purposes at one brokerage firm. Bloomberg Financial Dictionary …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”