Nonclearing member
Definition: [crh] An exchange member firm that is not able to clear transactions, and must pay another Definition: ber+firm"member firm to carry out its clearing operations.
Clearing Member
A member of the Clearing House or Association. All trades of a non-clearing member must be registered and eventually settled through a clearing member.
Clearing Price ...
Clearing Member Account:- The Clearing Member Account and Intermediary Account are transitory accounts. The securities in these accounts are held for a commercial purpose only.
Clearing member
A member firm of a clearing house. Each clearing member must also be a member of the exchange. Not all members of the exchange, however, are members of the clearing organization.
General Clearing Member
General clearing member (adhérent compensateur général) "ACG" - A ACG can perform the same functions as an ACI.
CLEARING MEMBER
Clearing members of the New York Mercantile Exchange accept
responsibility for all trades cleared through them, and share
secondary responsibility for the liquidity of the Exchange's clearing
operation.
Clearing Member - Is a person that is associated as a responsible party for activities related to the clearance of futures, options, or securities transactions.
CLO - See Collateralized Loan Obligation.
Joint clearing members Firms that clear on more than one exchange.
Junk bond A with a speculative credit rating of BB or lower is a junk bond. Such bonds offer investors higher yields than bonds of financially sound companies.
Joint clearing members
Firms that clear on more than one exchange.
Joint float ...
CMTA - See: Clearing Member Trade Agreement
CN - The two-character ISO 3166 country code for CHINA.
CNF - is Cost and Freight ...
Joint clearing members Firms that clear on more than one exchange. Joint stock company A form of business organization that falls between a corporation and a partnership.
A bond that is guaranteed by the issuer and a party other than the issuer.
Joint clearing members
Firms that clear on more than one exchange.
Joint float ...
[Harvey] administrative workstation A NYMEX ACCESS(R) workstation through which NYMEX Clearing Members monitor all activity in accounts they carry and set limits on their customers' accounts through the Trade Limit Monitoring System.
clearing member A member of an exchange clearinghouse, responsible for executing client trades and other financial commitments of customers. clearinghouse An agency associated with an exchange, which settles trades and regulates delivery.
Demand by a securities broker-dealer or a futures clearinghouse to a clearing member for additional funds or collateral to offset position losses in a Margin account.
Each clearing member must also be a member of the exchange. Not all members of the Exchange, however, are members of the clearing organization.
Joint clearing members
Joint float
Joint Life with Last Survivor Annuity
Joint Owned Property
Joint Return
Joint Stock Company
Joint tax return
Joint Tenants in Common - JTIC
Joint tenants with right of survivorship ...
(1) A call from clearinghouse to a clearing member, or from a brokerage firm to a customer, to bring margin deposits up to a required minimum level. A demand for additional funds because of adverse price movement.
(2) The amount of a margin call.
A member who is paid a fee for executing orders for clearing members or their customers. A
floor broker executing customer orders must be licensed by the CFTC.
Generally Accepted Accounting Principals (GAAP) ...
Reason Code: A code used to provide additional information to the receiving clearing member regarding the nature of a chargeback, subsequent presentment, fee collection, funds disbursement, or request for a source document.
A variable margin payment that is made by clearing members to their respective clearing houses based upon adverse price movements of the futures contracts that these members hold.
Vasicek Interest Rate Model ...
NYSE Euronext names first 10 clearing members
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Deutsche Bank faces Seoul prop trading ban ...
Ownership passed to a consortium of six UK banks in 1980 and to its clearing members in 1996. It merged with France's Clearnet S.A. in 2003. It is a clearing house for energy, equity, metals, swaps and government bond trading.
Margin Call
A requirement by a clearing house that a clearing member (or by a brokerage firm that a client) brings margin deposits up to a required minimum level to cover an adverse movement in price in the futures market.
can execute trades on the screen in addition to open outcry ring trading and the telephone market. All trades are covered by a matching system run by the LCH. Clearnet, which acts as a central counterpart to trades executed between clearing members ...
Floor broker A licensed agent who is paid a commission for executing orders for clearing members or their customers.
 See also: Expense, Banks, Member Firm, Bills, Saving
  
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