clearing house

What is clearing house?

clearing house definition and meaning on Finance terms:
A common entity (or a common processing mechanism) through which participants agree to exchange transfer instructions for funds, securities or other instruments. In some cases, a clearing house may act as a central counterparty for those participants, thereby taking on significant financial risks. See also
central counterparty<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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