Clearing House (Finance)

Clearing (finance), Settlement (finance), Futures exchange, Stock exchange, Over-the-counter (finance)
Herausgegeben:Luther, Evander

• Broschiertes Buch

Produktbeschreibung

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as well as off-exchange in the over-the-counter (OTC) market. A clearing house stands between two clearing firms (also known as member firms or clearing participants) and its purpose is to reduce the risk of one (or more) clearing firm failing to honor its trade settlement obligations. A clearing house reduces the settlement risks by netting offsetting transactions between multiple counterparties, by requiring collateral deposits (a.k.a. margin deposits), by providing independent valuation of trades and collateral, by monitoring the credit worthiness of the clearing firms, and in many cases, by providing a guaranteefund that can be used to cover losses that exceed a defaulting clearing firm's collateral on deposit.

Produktdetails

• Verlag: Acu Publishing / Alphascript Publishing
• Aufl.
• Seitenzahl: 52
• Englisch
• Abmessung: 220mm x 150mm x 3mm
• Gewicht: 87g
• ISBN-13: 9786138365822
• ISBN-10: 6138365828
• Artikelnr.: 34699068