Clearing Member
A member of a clearing house attached to an exchange. If a firm is not a clearing member of the exchange, they must arrange to have transactions settled through a clearing member. foreign exchange trades and investments are typically executed through clearinghouses to provide both parties with guarantees of both payment and delivery.
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performance bond
original margin
Trading Arcade
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allow for
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intercompany account
International Financial Reporting Standards
Bankers Automated Clearing Services