Protected Payment System

Protected Payment System
The automated payments system operated by LCH for the collection and payment of margin. LCH has a mandate over its clearing members' bank accounts, and can therefore pass instructions for margin monies ( variation margin debits and initial margin) to be electronically transferred from the clearing members' accounts to its own account to cover margin calls. In addition it can electronically credit the clearing members' bank accounts with variation margin credits and the return of initial margin. Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Payment for ecosystem services — Payments for Ecosystem Services (PES), also known as Payments for Environmental Services (or Benefits) broadly defined, is the practice of offering incentives to farmers or landowners in exchange for managing their land to provide some sort of… …   Wikipedia

  • Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia

  • Contactless payment — systems are credit cards and debit cards, key fobs, smartcards or other devices which use RFID for making secure payments. The embedded chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. Some suppliers …   Wikipedia

  • List of terms for VS System — This is a list of terms associated with the VS System.Basic game concepts*Endurance: Each player starts with 50 endurance. At the beginning of the recovery step (see Phases of gameplay) the player with zero endurance loses the game. If both… …   Wikipedia

  • Ottoman System in the Balkans — By the early sixteenth century most of the Balkan Peninsula’s Christians were submerged within the Ottomans’ Islamic theocratic society. In traditional Islamic civilization, no separation existed between religious and secular matters, and… …   Wikipedia

  • LEGAL AND JUDICIAL SYSTEM — UNDER THE OTTOMAN EMPIRE (1876–1917) Judiciary Throughout the period from the promulgation of the Ottoman Constitution of 1876 until the present time there have been both secular and religious courts exercising jurisdiction in the territory of… …   Encyclopedia of Judaism

  • Legal system of Saudi Arabia — Saudi Arabia This article is part of the series: Politics and government of Saudi Arabia …   Wikipedia

  • VS System — Infobox Game | subject name= VS System image link= image caption= designer=Matt Hyra, Mike Hummel, Edward Fear, and Danny Mandel publisher= Upper Deck Entertainment players= 21 ages= 10+ setup time= < 5 minutes playing time= < 30 minutes… …   Wikipedia

  • Chinese financial system — Beijing Financial Street, the economic centre of Beijing. China s financial system is highly regulated and has recently begun to expand rapidly as monetary policy becomes integral to its overall economic policy. As a result, banks are becoming… …   Wikipedia

  • IBM Personal System/2 — infobox computer Developer = International Business Machines Corporation (IBM) Type = Professional Computer Released = April, 1987 Processor = 8 MHz Intel 8086 Website = [http://www.computercraft.com/docs/ps2sect.shtml www.computercraft.com] The… …   Wikipedia

Share the article and excerpts

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