A company that acts as an intermediary for all transactions conducted on an exchange, taking care of the confirmation of payments, settlement of Funds, and delivery of currencies or other financial products. Clearing corporations are also known as clearing firms or clearing houses.
Browse by Subjects
See All Related Terms »
ultra vires activities
National Introducing Brokers Association (NIBA)
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):