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.
Browse by Subjects
performance bond
original margin
Trading Arcade
See All Related Terms »

allow for
intercompany account
International Financial Reporting Standards
Bankers Automated Clearing Services