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:
“Usually the scenery about them is drear and savage enough; and the logger’s camp is as completely in the woods as a fungus at the foot of a pine in a swamp; no outlook but to the sky overhead; no more clearing than is made by cutting down the trees of which it is built, and those which are necessary for fuel.”
—Henry David Thoreau (1817–1862)