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:
“We should conserve evil just as we should conserve the forests. It is true that by thinning and clearing the forests the earth grew warmer.”
—Friedrich Nietzsche (1844–1900)