Clearing

Entertainment / Ice Hockey / Clearing: Getting the puck out of your defensive zone, so the other team can?­t take a shot on goal
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Clearing House Electronic Subregister System (CHESS)

Business / Finance / Clearing House Electronic Subregister System (CHESS): A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure MORE

National Securities Clearing Corporation (NSCC)

Business / Finance / National Securities Clearing Corporation (NSCC): A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations. MORE

Depository Trust And Clearing Corporation (DTCC)

Business / Taxes / Depository Trust And Clearing Corporation (DTCC): The DTCC is the world's largest securities depository, holding trillions of dollars in assets for the members of the financial industry that own the corporation. It is also a national clearinghouse fo MORE

Options Clearing Corporation (OCC)

Business / Finance / Options Clearing Corporation (OCC): Applies to derivative products. Financial institution that is the actual issuer and guarantor of all listed option contracts. MORE

Mortgage-Backed Securities Clearing Corporation (MBSCC)

Business / Finance / Mortgage-Backed Securities Clearing Corporation (MBSCC): A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency-guaranteed MBS transacted for forward delivery. MORE

Clearinghouse

Business / Finance / Clearinghouse: 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-c MORE