Individual Clearing Members

Individual Clearing Members
( ICM)
An individual clearing member (public order) is entitled to clear transactions made for his own account and for clients. Individual clearing members (non public order) are entitled to clear transactions for their own account only. LIFFE

Financial and business terms. 2012.

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  • individual clearing member — A clearing member of a clearing house who has the capacity to clear for the firm and its clients only. Contrast with general clearing members, who can clear for the firm, its clients and other investment businesses. Dresdner Kleinwort Wasserstein …   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

  • clearing margin — Financial safeguards to ensure that clearing members (usually companies or corporations) perform on their customers open futures and options contracts. Clearing margins are distinct from customer margins that individual buyers and sellers of… …   Financial and business terms

  • general clearing member — A clearing member of a clearing house who has the capacity to clear for the firm, its clients and other investment businesses. Contrast with individual clearing members, who can clear for the firm and its clients only, not for other investment… …   Financial and business terms

  • ICM — See individual clearing member. Dresdner Kleinwort Wasserstein financial glossary See Individual Clearing Members LIFFE …   Financial and business terms

  • Лондонская биржа металлов — Координаты: 51°30′47.5″ с. ш. 0°04′45″ з. д. / 51.513194° с. ш. 0.079167° з. д.  …   Википедия

  • margin — the difference between the selling price and the purchase price of an item usually expressed as a percentage of the selling price. Compare mark up. Glossary of Business Terms Financial safeguards to ensure that clearing members (usually companies …   Financial and business terms

  • customer margin — Within the futures industry, financial guarantees required of both buyers and sellers of futures contracts and sellers of options contracts to ensure fulfilling of contract obligations. FCMs are responsible for overseeing customer margin accounts …   Financial and business terms

  • managed account — Financial safeguards to ensure that clearing members (usually companies or corporations) perform on their customers open futures and options contracts. Clearing margins are distinct from customer margins that individual buyers and sellers of… …   Financial and business terms

  • performance bond margin — The amount of money deposited by both buyer and seller of a futures contract or an options seller to ensure performance of the term of the contract. Margin in commodities is not a payment of equity or down payment on the commodity itself, but… …   Financial and business terms

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