Related Words

Clear: The state of the sky when no clouds or obscurations are observed or detected from the point of observation.

Market Clearing: Total demand for loans by borrowers equals total supply of loans from lenders. The market, any market, clears at the equilibrium rate of interest or price.

Mortgage-Backed Securities Clearing Corporation (MBSCC): A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency-guaranteed MBS transacted for forward delivery.

Options Clearing Corporation (OCC): The Options Clearing Corporation issues all exchange-listed securities options in the United States and guarantees all transactions in those options. The OCC also assigns exercised options f . . . View Full Definition

Nonclearing Member: An exchange member firm that is not able to clear transactions, and must pay another member firm to carry out its clearing operations.

Joint Clearing Members: Firms that clear on more than one exchange.

Depository Trust And Clearing Corporation (DTCC): The DTCC is the world's largest securities depository, holding trillions of dollars in assets for the members of the financial industry that own the corporation. It is also a national cleari . . . View Full Definition

Clearing House Electronic Subregister System (CHESS): A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the . . . View Full Definition

Clearing House Interbank Payments System (CHIPS): Funds from the Federal Reserve System, requiring three days to clear, that are passed to and from banks.

Nuclear Pores: Openings in the membrane of a cells nuclear envelope that allow the exchange of materials between the nucleus and the cytoplasm.