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| Definition Of: |
clearing house
A department of an exchange or a separate legal entity which provides a range of services related to the clearing and settlement of transactions and payments, and the management of risks associated with the resulting contracts. In many cases the clearing house acts as central counterparty. See also: central counterparty clearing
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
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European Central Bank Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 A: Page 1 of 2.
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