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clearing member bank

См. также в других словарях:

  • clearing member — A member of an exchange clearinghouse. Memberships in clearing organizations are usually held by companies. Clearing members are responsible for the financial commitments of customers that clear through their firm. Chicago Board of Trade glossary …   Financial and business terms

  • member bank — A bank that belongs to a central banking or clearing system. In the UK a member bank is a commercial bank that is a member of the Association for Payment Clearing Services In the USA it is a commercial bank that is a member of the Federal Reserve …   Big dictionary of business and management

  • Class B clearing member — A non bank member firm whose privileges and rights are limited to conducting proprietary arbitrage in foreign currencies with a single exchange approved bank (See clearing member for details). Chicago Mercantile Exchange Glossary …   Financial and business terms

  • clearing bank — a bank that is a member of the Committee of London and Scottish Clearing Bankers. Collins dictionary of law. W. J. Stewart. 2001. clearing bank …   Law dictionary

  • Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong …   Wikipedia

  • bank — 1. A bank is an institution, usually incorporated, whose business it is to receive money on deposit, cash checks or drafts, discount commercial paper, make loans, and issue promissory notes payable to bearer, known as bank notes. U.C.C. No. 1… …   Black's law dictionary

  • bank — 1. A bank is an institution, usually incorporated, whose business it is to receive money on deposit, cash checks or drafts, discount commercial paper, make loans, and issue promissory notes payable to bearer, known as bank notes. U.C.C. No. 1… …   Black's law dictionary

  • bank — Synonyms and related words: Bank of England, Bank of France, Federal Reserve bank, Fort Knox, Indian file, Indian reservation, International Monetary Fund, Lombard Street bank, Swiss bank, World Bank, abatis, abutment, advanced work, align,… …   Moby Thesaurus

  • clearing house — Synonyms and related words: Bank of England, Bank of France, Federal Reserve bank, International Monetary Fund, Lombard Street bank, Swiss bank, World Bank, bank, branch bank, central bank, commercial bank, farm loan bank, federal land bank,… …   Moby Thesaurus

  • clearing bank — A bank which is a member of the London Clearing House • • • Main Entry: ↑bank clearing bank noun A bank that is a member of the London Bankers Clearing House, through which it makes credit and cheque transfers to and from other banks • • • Main… …   Useful english dictionary

  • clearing bank — ➔ bank1 * * *    A bank that is a member of a national cheque clearing system. To clear a cheque means to process it so that the payee receives its value. Such systems can also involve clearing financial orders and standardized payment… …   Financial and business terms

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