A clearing house (or clearinghouse) is an organization affiliated with a securities or derivatives exchange that completes the transactions on that exchange by seeing to validation, delivery, and settlement. The word validation has several related meanings: In general, validation is the process of checking if something satisfies a certain criterion. ... Childbirth in a hospital. ... A reference to colonization, or the resulting communities. ...

A clearing house may also offer novation, the substitution of a new contract or debt for an old, or other credit enhancement services to its members. Novation is a term used in contract law and business law to describe the act of either replacing an obligation to perform with a new obligation, or replacing a party to an agreement with a new party. ... All the textbooks define a contract as either a promise or an agreement that is enfored or recognised by the law. ... Debt is that which is owed. ...

The London Clearing House, for example, provides clearing and settlement services for the International Petroleum Exchange, London, which is affiliated with the Intercontinental Exchange, Atlanta, Georgia. The London Clearing House also acts as the clearing house for Euronext.liffe and the London Metals Exchange. The International Petroleum Exchange, based in London (England), is one of the worlds largest energy futures and options exchanges. ... London is the capital city of the United Kingdom and of England. ... Nickname: The Horizon City, Hotlanta, The Big Peach Motto: Official website: http://www. ... Euronext. ...

In 2001, the United States' Commodity Futures Trading Commission registered the London Clearing House as a derivatives clearing organization (DCO) in the United States as well, making it the first offshore DCO to be recognized under the statutory mandate of the Commodity Futures Modernization Act of 2000. 2001: A Space Odyssey. ... The Commodity Futures Trading Commission (CFTC) is an independent agency of the United States Government, created by Congress in 1974. ... The Commodity Futures Modernization Act of 2000 or CFMA, was passed and signed by President William Jefferson Clinton in December 2000 in large part to allow for the creation of U.S. exchanges for the listing of a new sort of derivative security, the single-stock future. ...

In the United States, the National Automated Clearing House Association (NACHA) is an association that organizes the mechanism for the financial service institutions that partipate in the Automated Clearing House (ACH) network. These organizations use the ACH to transfer funds either as debits or credits between participating institutions. Most banks, but not all banks, in the US participate in this association. Typical uses of ACH transactions are for automatic payroll programs, monthly mortgage or membership payments, or among non-profit organizations, as a monthly donor/contribution program. To meet Wikipedias quality standards, this article or section may require cleanup. ... The Automated Clearing House (ACH) is a nationwide electronic banking network that processes large volumes of both credit and debit transactions which are originated in batches. ...

The Depository Trust & Clearing Corporation is also used in the US, along with Clearstream in Europe, where it disposes of a "dominant position" according to the European Commission, and Euroclear. In Argentina, the Caja de Valores is used ^[1]. Clearstream Banking (CB) is a Bank and a transaction clearing company based in Luxembourg (Europe) created in January 2000. ... The European Commission (formally the Commission of the European Communities) is the executive body of the European Union. ... Euronext N.V. is a pan-European stock exchange with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ...

Endnotes

1. ^ “Ahora sí, Argentina dejó la cesantía de pagos,” APM, June 2, 2005.

APM, apm, or Apm may refer to one of the following. ...

See also

• Clearing (finance)
• Clearstream scandal

In banking and finance, clearing denotes all activities from the time a transaction is made until it is finally settled (see settlement). ... Clearstream Banking (CB) is a Bank and a transaction clearing company based in Luxembourg (Europe) created in January 2000. ...

List of major clearing houses

ADP Clearing