clearing member investment & finance definition
The member of a futures exchange who accepts responsibility for all trades cleared, or settled, through him or her.
Clearing Member
A member of a Clearing Organization. All trades of a non-clearing member must be processed and eventually settled through a clearing member.
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Clearing member - A representative of a clearing house which works directly with futures traders.
Clearing price - The settlement price of a futures contract.
Clearing member
A member firm of the 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.
Clearing Member:
A member of an exchange clearinghouse. Memberships in clearing organizations are usually held by companies. Clearing members are responsible for the financial commitments of customers that clear through their firm.
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: See Settlement Price.
Joint clearing members
Firms that clear on more than one exchange.
Joint float ...
General Clearing Member
General clearing member (adhérent compensateur général) "ACG" - A ACG can perform the same functions as an ACI.
Clearing Member
Must be a member of LCH.Clearnet, HKMEx's appointed clearing house, and have access to its Extensible Clearing System (ECS)
May also be a Broking Member and/or a Proprietary Trader Member of the exchange
Broking Member ...
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.
What is a Clearing Member Trade Agreement?
What is a Clearing Member?
What is the Clearing House Interbank Payments System?
Jensen Index An index that uses the capital asset pricing model to determine whether a money manager outperformed a market index. Joint Clearing Members Firms that clear on more than one exchange.
CTI2 - Commercial Clearing Member Traders e.g. agricultural hedgers, banking houses etc, often referred to as Commercials
CTI3 - On-Floor Member Traders executing orders for Off Floor Member Traders.
The name given to a clearing member that is willing to assume the opposite position of a futures contract within a larger alternative exchange, of which it also is a clearing member.
Chicago Board Of Trade - CBOT ...
[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.
CTI2: Market profile terminology for commercial clearing members.
Cup and Handle: An accumulation pattern observed on bar charts, which lasts from seven to 65 weeks.
Current Ratio: Current assets divided by current liabilities.
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.
Floor Broker An exchange member who is paid a fee for executing orders for Clearing Members or their customers. A Floor Broker executing orders must be licensed by the CFTC.
Clear The process by which a clearinghouse maintains records of all trades and settles margin flow on a daily mark-to-market basis for its clearing members. Class of Options Calls or puts relating to the same underlying instrument.
A clearing corporation is composed of clearing members, most of which are large FCM's. It is a mark of distinction for an FCM to be a clearing member.
Formerly, a clearing member of both the Mid-America Commodity Exchange (MidAm) and another futures exchange who, for a fee, ...
Clearing members, futures commission merchants, and foreign brokers file daily reports with the CFTC. These reports reveal the futures and option positions, long and short, of traders holding positions above reporting levels set by the CFTC.
A procedure used by OCC as an operational convenience for its clearing members.
Board of Trade Clearing Corporation: An independent corporation that settles all trades made at the Chicago Board of Trade acting as a guarantor for all trades cleared by it, reconciles all clearing member firm accounts each day to ensure that all ...
Performance bond - Funds that must be deposited by a customer with his or her broker, by a broker with a clearing member or by a clearing member with the Clearing House.
Funds that must be deposited as a performance bond by a customer with his or her broker, by a broker with a clearing member, or by a clearing member, with the Clearing House.
Variation margin is paid by clearing members on a daily or intraday basis in order to reduce the exposure created by carrying highly risky positions.
A purchase and sale by a clearing member to themselves which is recorded in the member's House account at the LCH. A client cross is for a clearing member to register a client contract in the LME matching system for regulatory purposes.
The amount of money or collateral deposited by a customer with a broker, by a broker with a clearing member, or by a clearing member with the clearinghouse in order to insure the broker or clearinghouse against loss on outstanding futures positions.
DELIVERY NOTICE - A notice of a clearing member's intentions to deliver a stated quantity of a commodity in settlement of a futures contract.
A call from a brokerage firm to a customer to bring margin deposits back up to minimum levels required by exchange regulations; similarly, a request by the clearing house to a clearing member firm to make additional deposits to bring clearing margins ...
The members of the clearing corporation also known as clearing members settle their dues with the clearing house that is operated by the clearing corporation. The clearing corporation is the legal counter-party to both legs of every trade.
You must give instructions to your DP to debit of your depository account and credit of your broker's clearing member account at least 24 hours prior to the pay-in date.
Floating-rate payerIn an interest rate swap, the counterparty who pays a rate based on a reference rate, usually in exchange for a fixed-rate payment Floor brokerA member who is paid a fee for executing orders for clearing members or their ...
is based on the volatility of price movement of the underlying instrument. Since these margins relate to exchange traded contracts, either the exchange or the related clearing house sets the minimum margin requirements for their clearing members.
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 minimu m level to cover an adverse movement in price in the market. Market MakerDate for settlement.
 See also: Clearing, Member, Market, Exchange, Future
  
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