CLEARING MEMBER


Meaning of CLEARING MEMBER in English

A member firm of a clearing house. Each clearing member must also be a member of the exchange . Not all members of the exchange, however, are members of the clearing organization. All trades of a non-clearing member must be registered with, and eventually settled through, a clearing member.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.