Meaning of CLEARING HOUSE in English

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:

European Central Bank English Glossary.      Английский глоссарий Европейского Центрального Банка.