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clearing house (also clearing-house 1) N-COUNT If an organization acts as a clearing house, it collects, sorts, and distributes specialized information. The centre will act as a clearing house for research projects for former nuclear scientists. 2) N-COUNT A clearing house is a central bank which deals with all the business between the banks that use its services. CCB. 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. Wiki Alexander Demidov) |
