The procedure through which CME Clearing becomes the buyer to each seller of a futures contract, and the seller to each buyer, and assumes responsibility for protecting buyers and sellers from financial loss by ensuring buyer and seller performance on each contract. This is effected through the clearing process, in which transactions are matched, confirming that both the buyer's and the seller's trade information are in agreement. Chicago Mercantile Exchange Glossary
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The process of registration, guarantees and settlement of a futures/ options transaction. Dresdner Kleinwort Wasserstein financial glossary
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The comparison of the details of a transaction between parties prior to settlement; final exchange of securities for cash on delivery. Euroclear Clearing and Settlement glossary
See netting. Euroclear Clearing and Settlement glossary
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The process of matching, registering and guaranteeing transactions. Exchange Handbook Glossary
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The process of registration, settlement, margin and the provision of a guarantee. LIFFE
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clearing clear‧ing [ˈklɪərɪŋ ǁ ˈklɪr-] noun [uncountable]
BANKING FINANCE when banks and other financial institutions make payments to each other at the end of a period of trading so that they no longer owe each other any money:
• a pan-European clearing system
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clearing UK US /ˈklɪərɪŋ/ noun [U]
► BANKING, FINANCE the process by which cheques and other payments are exchanged between customers of different banks: »
Check clearing is facilitated by central clearing houses, including the Federal Reserve System.
► FINANCE, STOCK MARKET the process by which shares and money are exchanged at the end of a day of trading on a financial market: »
settlement and clearing services for securities
clearing member/corporation/agent »No clearing member has ever failed to meet a performance bond call or its delivery obligations.
Financial and business terms. 2012.