Clearing of Securities
In the United States, U.S. securities clearing is done by The Depository Trust Company or Fedwire.
In Europe, securities clearing is offered by a variety of Central Counterparties, including EMCF, LCH.Clearnet, SIX x-clear and EuroCCP. Moreover Eurex Clearing, a member of Deutsche Börse Group, provides clearing services for some OTC products in addition to various listed products Eurex Clearing. See also to clearing services in a regulatory environment: EurexOTC Clear.
Read more about this topic: Clearing House (finance)
Famous quotes containing the word clearing:
“[Panurge] spent everything in a thousand little banquets and joyous feasts open to all comers, particularly jolly companions, young lasses, and delightful wenches, and in clearing his lands, burning the big logs to sell the ashes, taking money in advance, buying dear, selling cheap, and eating his wheat in the blade.”
—François Rabelais (1494–1553)