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Clearinghouse (network)
Clearing house or Clearinghouse may refer to: Banking and finance * Clearing house (finance) * Automated clearing house * ACH Network, an electronic network for financial transactions in the U.S. * Bankers' clearing house * Cheque clearing * Clearing House (EU), an EU intelligence body * Clearing House Association, a New York trade group and banking association * Clearing House Automated Transfer System (HK), a real-time gross settlement system in Hong Kong * The Clearing House Payments Company, an American check clearing and wholesale funds transfer company **The Clearing House, its parent organization ** Bank Policy Institute, an entity which subsumed the Clearing House Association, a former arm of The Clearing House * Clearstream, a post-trade services provider * Euroclear, a Belgian financial services company * New York Clearing House, first and largest U.S. bank clearing house * Pan-European automated clearing house Other uses * Clearing House, California * WAC Clearinghous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearing House (finance)
A clearing house is a financial institution formed to facilitate the exchange (i.e., '' clearance'') of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or participants). Its purpose is to reduce the risk of a member firm failing to honor its trade settlement obligations. Description After the legally binding agreement (i.e., ''execution'') of a trade between a buyer and a seller, the role of the clearing house is to centralize and standardize all of the steps leading up to the payment (i.e. ''settlement'') of the transaction. The purpose is to reduce the cost, settlement risk and operational risk of clearing and settling multiple transactions among multiple parties. In addition to the above services, central counterparty clearing (CCP) takes on counterparty risk by stepping in between the original buyer and seller of a financial contract, such as a derivative. The role of the CCP is to perform t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Policy Institute
The Bank Policy Institute (BPI) is an American financial services lobbying and advocacy organization, based in Washington, D.C. The Bank Policy Institute was formed in July 2018 by the merger of two older lobbying groups, the Financial Services Roundtable and the Clearing House Association. Former Minnesota governor Tim Pawlenty had been head of the Financial Services Roundtable; Clearing House Association president Greg Baer (formerly of JPMorgan Chase) remained and became head of the Bank Policy Institute. History In 1912, the Association of Reserve City Bankers was formed, with 102 charter members. In 1958, the Association of Registered Bank Holding Companies was formed, in response to the Bank Holding Company Act of 1956. In 1993, these two entities merged to form the Bankers Roundtable. In 2000, the name of the organization was changed to the Financial Services Roundtable, to reflect a decision to broaden the organization's mission to include representing integrated financi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Access To Information Central Clearing House
The Access to Information Central Clearing House was established by the UK Government in January 2005. The Central Clearing House was set up to ensure consistent application of the Data Protection Act 1998, the Freedom of Information Act 2000, and the Environmental Information Regulations (EIRs) across Central Government. The Central Clearing House provides expert advice for cases referred to the Information Commissioner or Information Tribunal. Procedures exist to ensure that all requests which activate one of a number of 'triggers' are referred to the Clearing House. Controversies Critics have blamed the Central Clearing House for the rising number of appeals to the Information Commissioner and for 'being bent on blocking as many requests for information as it can'. In June 2020, openDemocracy published an investigation that found that the House had blocked the release of information related to the Contaminated blood scandal in the United Kingdom. The files, eventually rel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WAC Clearinghouse
The WAC Clearinghouse publishes peer-reviewed, open-access journals and books, as well as other professional resources for teachers and instructional materials for students. Writing-across-the-curriculum (WAC) refers to a formal programmatic approach within contemporary secondary and higher education composition studies that promotes the importance of writing in classes outside of composition. Working with the Association for Writing Across the Curriculum Programs (AWAC), the WAC Clearinghouse operates as a publishing collaborative, drawing on contributions from more than 180 individuals from six continents serving on the editorial boards of academic journals supported by the Clearinghouse, as editors or reviewers of its book series, as editors of resource pages on its website, and as members of the overall Clearinghouse editorial board. The open-access character of the scholarship available through the Clearinghouse book series provides free access to scholarly monographs, edited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearing House, California
Clearing House (formerly, Clearinghouse) is an unincorporated community in Mariposa County, California. It is located on the north bank of the Merced River west of El Portal, at an elevation of 1555 feet (474 m). The Clearinghouse post office operated from 1913 to 1933. The place name comes from the Clearinghouse Mine, so named as it was an exchange place for gold bullion and certificates during the Panic of 1907. After the construction of the Yosemite Valley Railroad The Yosemite Valley Railroad (YVRR) was a short-line railroad operating from 1907 to 1945 in the state of California, mostly following the Merced River from Merced to Yosemite National Park, carrying a mixture of passenger and freight traffic. ..., Clearing House became a railroad stop. The mines continued to operate into the 1950s. References Unincorporated communities in Mariposa County, California Merced River 1913 establishments in California Unincorporated communities in California ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pan-European Automated Clearing House
A pan-European automated clearing house (PE-ACH) is a clearing house that is able to settle SEPA compliant credit transfers and direct debits across the Eurozone. At present there is only one PE-ACH in operation – STEP2 – which was established by the Euro Banking Association The Euro Banking Association (EBA) is an industry forum for the European payments industry with close to 200 member banks and organisations from the European Union and around the world aimed at fostering and driving pan-European payment initiativ ... in April 2003. According to a survey done by Equens, in the future PE-ACH might be less relevant as banks will settle their transactions via multiple clearing houses rather than using one central clearing house. {{reflist Payment networks Banking technology Banking in the European Union Eurozone Payment clearing systems ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Clearing House
The Clearing House is a banking association and payments company owned by the largest commercial banks in the United States. The Clearing House is the parent organization of The Clearing House Payments Company L.L.C., which owns and operates core payments system infrastructure in the United States, including ACH, wire payments, check image clearing, and real-time payments through the RTP network, a modern real-time payment system for the U.S. Supporting services include The Clearing House Payments Authority (a payments association with over 1,000 financial institution members and corporate subscribers) and ECCHO (an entity develops and maintains rules that govern private sector check image exchange for its members, and also engages in lobbying and education). Membership Members of The Clearing House include JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Bank of New York Mellon Corp., Deutsche Bank AG, U.S. Bancorp and Wells Fargo & Co.Bob Ivry"Fed Loses B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euroclear
Euroclear is a Belgium-based financial services company that specializes in the settlement of securities transactions, as well as the safekeeping and asset servicing of these securities. It was founded in 1968 as part of J.P. Morgan & Co. to settle trades on the then developing eurobond market. It is one of two European international central securities depositories (Clearstream being the other). Activity Euroclear settles domestic and international securities transactions, covering bonds, equities, derivatives, and investment funds. Euroclear provides securities services to financial institutions located in more than 90 countries. In addition to its role as an international central securities depository (ICSD), Euroclear also acts as the central securities depository (CSD) for Belgian, Dutch, Finnish, French, Irish, Swedish, and UK securities. Euroclear also owns EMXCo, the UK's leading provider of investment-fund order routing. Retail investors are able to have direct acco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearstream
Clearstream is a financial services company that specializes in the settlement of securities transactions and is owned by Deutsche Börse AG. It provides settlement and custody as well as other related services for securities across all asset classes. It is one of two European International central securities depositories (Euroclear being the other). Clearstream operates securities settlement systems based in both Luxembourg and Germany, which allow for the holding and transfer of securities. Clearstream operates its International Central Securities Depository (ICSD) from Luxembourg. It is also a joint partner in the Luxembourgish Central Securities Depository (CSD), LuxCSD, together with the Central Bank of Luxembourg. In Germany, Clearstream operates the German CSD, Clearstream Banking AG. Clearstream has links to over 50 domestic markets worldwide, and also issues and safekeeps Eurobonds. In 2014, the value of assets under custody on behalf of customers averaged 12.2 trill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Clearing House
The Clearing House is a banking association and payments company owned by the largest commercial banks in the United States. The Clearing House is the parent organization of The Clearing House Payments Company L.L.C., which owns and operates core payments system infrastructure in the United States, including ACH, wire payments, check image clearing, and real-time payments through the RTP network, a modern real-time payment system for the U.S. Supporting services include The Clearing House Payments Authority (a payments association with over 1,000 financial institution members and corporate subscribers) and ECCHO (an entity develops and maintains rules that govern private sector check image exchange for its members, and also engages in lobbying and education). Membership Members of The Clearing House include JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Bank of New York Mellon Corp., Deutsche Bank AG, U.S. Bancorp and Wells Fargo & Co.Bob Ivry"Fed Loses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Clearing House
An automated clearing house (ACH) is a computer-based electronic network for processing transactions, usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits. The ACH system is designed to process batches of payments containing numerous transactions, and it charges fees low enough to encourage its use for low value payments. History The first automated clearing house was BACS in the United Kingdom, which started processing payments in April 1968. In the U.S. in the late 1960s, a group of banks in California sought a replacement for check payments. This led to the first automated clearing house in the US in 1972, operated by the Federal Reserve Bank of San Francisco. BACS operated from the beginning on a net settlement basis. Netting ACH transactions reduces the amount of deposits a bank must hold. Operation ACHs process large volumes of credit and debit transactions in batches. ACH credit tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Clearing House Payments Company
The Clearing House Payments Company L.L.C. (PayCo) is a U.S.-based limited liability company formed by Clearing House Association. PayCo is a private sector, payment system infrastructure that operates an electronic check clearing and settlement system (SVPCO), a clearing house, and a wholesale funds transfer system (CHIPS). Governance Clearing House Association and The Clearing House Payments Company LLC conduct business under the name The Clearing House. The Clearing House is the oldest banking association and payments company in the United States. The Clearing House governance model includes a supervisory board and two managing boards, one for the Payments Company and one for the Association. The businesses and affairs of PayCo and the Association are managed by the Supervisory Board. The managing boards of PayCo and the Association have responsibility for the oversight of their respective businesses and financial performance and for the establishment of their agendas. Membe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
