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Topic: Clearing


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In the News (Wed 16 Dec 09)

  
  Clearing (finance) - Wikipedia, the free encyclopedia
In banking and finance, clearing denotes all activities from the time a transaction is made until it is finally settled (see settlement).
Some of the activities in clearing are reporting/monitoring, risk margining, netting of trades to single positions, tax handling, and failure handling.
Clearing generally involves the use of a well capitalised financial institution known as a central counterparty (CCP).
en.wikipedia.org /wiki/Clearing_(finance)   (290 words)

  
 IATA - Clearing House Services
Clearing House provides the robust, cost-effective infrastructure for Members and Associates to settle accounts with other airlines, travel partners and service providers - to enable Members and Associates to focus on providing integrated, quality services to their customers.
For miscellaneous transactions, use of the Clearing House ensures that in the event of a devaluation of a debtor's currency the creditor is wholly protected, and any loss of exchange falls on the debtor.
Membership of Clearing House greatly reduces the requirements and delays: by reducing the need to only one exchange control application to settle a net balance instead of numerous applications for greater individual sums - and on account of the established reputation of the IATA Clearing House for settlement of interline dues.
www.iata.org /ps/services/clearinghouse/benefits.htm   (656 words)

  
 Clearing
By 1915, the Chicago Transfer and Clearing Company connected the freight car switching hub with 18 industries, and Clearing was annexed to the city.
Land in Clearing and Garfield Ridge owned by the Chicago Public Schools was leased to the city in 1926 for the purpose of building an airport on the Southwest Side.
Clearing entered a postwar residential and economic boom, and its population grew from 6,068 in 1940 to a peak of 24,911 in 1970.
www.encyclopedia.chicagohistory.org /pages/296.html   (496 words)

  
 Clearing   (Site not responding. Last check: 2007-11-06)
Clearing Co. shall submit to CCSE evaluation opinions on the contractual capacity of members according to the assets of said members and their performance on paying margins and fulfilling contracts.
Clearing Co. may, if deposits of a member are insufficient to satisfy the full amount of loss arising from default or violation, appropriate Initial Margin to compensate for such loss.
Clearing Co. shall transfer the deposits and (or) trading gains of a member in accordance with the letter of entrustment of the legal representative of the member and a written application with amount transferred and banking account.
www.esilk.net /eng_ver/gz/clearing.asp   (1712 words)

  
 Equity/Clearing Member Fees   (Site not responding. Last check: 2007-11-06)
Clearing fees for all deliveries, exercises and assignments are charged at Non-Member Fee rates.
Clearing and CME Globex fees for CME Globex transactions are based on the combined memberships of the operator and the account owner.
Clearing fees will be reduced by an additional $0.03 per contract for all volume in excess of 30,000 contracts per account per day for eligible participants.
www.cme.com /clearing/clr/fees/equtyclrng1867.html   (1497 words)

  
 clearing. The Columbia Encyclopedia, Sixth Edition. 2001-05   (Site not responding. Last check: 2007-11-06)
Clearing is also practiced by stock and commodity exchanges.
The Stock Clearing Corp. (started in 1920), for instance, is responsible for clearing transactions made at the New York Stock Exchange (NYSE); in addition, the National Securities Clearing Corp. (1976) handles clearances for NYSE, the American Stock Exchange, and Nasdaq (see under stock exchange), and the International Securities Clearing Corp. (1985) handles overseas transactions.
International claims are settled by clearing unions, groups of central banks, and other major financial institutions.
www.bartleby.com /65/cl/clearing.html   (304 words)

  
 Report on Micro-Cap Stock Fraud   (Site not responding. Last check: 2007-11-06)
These measures illustrate that clearing firms possess the market savvy to ascertain and monitor both the nature of the business and persons at introducing firms and can take appropriate steps if they are found to be violating the law.
Clearing firms must either obtain instructions from the introducing broker to cancel the trade or secure approval from the NYSE, or the NASD if not an NYSE member firm, for maintaining such unsettled transactions and do so via a computer interface between the clearing broker and the NYSE.
Clearing firms that, nonetheless, continue to give full credit to the introducing firm for unpaid, disputed or suspect trades after having reached a materiality threshold placing them under a duty of inquiry as to solvency become, wittingly or not, participants in fraud.
www.oag.state.ny.us /investors/microcap97/report97d.html   (8408 words)

  
 Clearing House
All members of an exchange are required to clear their trades through the clearing house at the end of each trading session and to deposit with the clearing house a sum of money (based on clearinghouse margin requirements) sufficient to cover the member's debit balance.
Assuming that this is the broker's only position in futures and that the clearing house margin is six cents per bushel, this would mean the broker would be required to have $3,000 on deposit with the clearing house.
Because all members are required to clear their trades through the clearing house and must maintain sufficient funds to cover their debit balances, the clearing house is responsible to all members for the fulfillment of the contracts.
www.investopedia.com /terms/c/clearinghouse.asp   (373 words)

  
 Bank of Tanzania: Clearing House   (Site not responding. Last check: 2007-11-06)
The Clearing House is a place where representatives of member banks meet at specified times, to exchange instruments and work the net balances against each other.
The procedures involved in disposing instruments through the Clearing House are governed by regulations and rules which members to the Clearing House subscribe and comply with.
Any bank representatives who attend the Clearing House after 10.30 am shall be excluded from presenting their bank ‘s clearing on that day, but shall accept instruments presented by other members against their bank as if they had attend with debit/credit being raised against/for their bank accordingly.
www.bot-tz.org /BankingOperations/clearing_house.htm   (672 words)

  
 Clearing
Clearing is a UCAS service that helps people find vacancies on higher education courses.
Most people who use Clearing have already applied through UCAS but have not secured a place on a course.
An admissions tutor who is seriously interested in you will ask you to send your CEF, then the university or college will either tell you and us that you have been given a place there, or it will send your CEF back to you so you can deal with another university or college.
www.ucas.ac.uk /getting/clearing   (1027 words)

  
 Clearing a float container without source markup
The W3C suggests using a "cleared" element last in the container box, which is recognized by the container, forcing the container to enclose that cleared element.
First and foremost, this clearing method is not at all intuitive, requiring an extra element be added to the markup.
However, this easy clearing method has muddled the issue quite a bit, since now Explorer is not actually being cleared at all, while Gecko browsers have finally been corrected so they do clear all previous floats.
www.positioniseverything.net /easyclearing.html   (2733 words)

  
 Clearing Clogged Drains
An average homeowner should be able to clear most clogs in two hours or less, depending on the severity of the clog.
If the trap is clear and the drain still clogs, the blockage is further into the sink's drain pipe or the main drain.
To clear these drains, you'll need a plumber's auger or, as it is more commonly called, a sewer snake.
www.lowes.com /lowes/lkn?action=howTo&p=Improve/ClrDrains.html&rn=RightNavFiles/rightNavHowTo   (1530 words)

  
 BBC- One Life - Education - 18 - Clearing: Q & A
Clearing is a UCAS service that aims to match students without a university or college place with suitable vacancies on higher education courses.
This is hard to predict, but you could use the Clearing course search available on the UCAS website after the results come out in August.
If a college/university has made you a firm offer through the Clearing system, you will be expected to attend that college/university at the start of term.
www.bbc.co.uk /radio1/onelife/education/18/clearing_qa.shtml   (767 words)

  
 Comments of The Options Clearing Corporation on S7-34-02
The CFMA permits SFPs to be cleared by either a registered clearing agency (a "Clearing Agency") regulated by the Commission under Section 17A of the Exchange Act, or by a derivatives clearing organization (a "DCO") registered under Section 5b of the Commodity Exchange Act (the "CEA") and regulated by the CFTC.
Furthermore, although OCC currently maintains a clearing fund that substantially exceeds the $500 million test, OCC has filed a rule change for Commission approval that would change the manner in which its clearing fund is calculated in order to bring the fund to a level that better approximates OCC's true risk.
We also note that some insurers offer clearing member default insurance that could be used as a substitute for some portion of the clearing fund, thereby creating another circumstance in which the size of the clearing fund might be reduced without reducing the amount of protection against risk.
www.sec.gov /rules/proposed/s73402/whnavin1.htm   (3271 words)

  
 The Clearing   (Site not responding. Last check: 2007-11-06)
The Clearing is a "folk school" located on a high bluff overlooking the waters of Green Bay in Door County, Wisconsin.
The Clearing's natural setting, secluded cluster of historic buildings of wood and stone, and program topics are conducive to clearing one's mind and coming to a better understanding of nature and one's own place in the world.
The Clearing emanates a "mystique" that is not easily described, but is evident in the enthusiasm of its participants and alumni.
www.theclearing.org   (159 words)

  
 Derivatives Clearing Organizations   (Site not responding. Last check: 2007-11-06)
AE Clearinghouse, LLC, a subsidiary of The Actuarials Exchange, LLC, has been registered as a derivatives clearing organization for the purpose of clearing, for eligible contract participants, cash-settled contracts, agreements or contracts, all as specified and limited in the Order of Registration as a DCO.
The Clearing House became a department of the MGE in 1977.
Under Commission Regulation 40.1, any DCO that has not accepted for clearing any agreement, contract or transaction that is required or permitted to be cleared by a DCO for a period of six months is defined as a dormant DCO.
www.cftc.gov /dea/dearegistered_dco.htm   (654 words)

  
 What is Space Clearing?
Space Clearing is a specialized branch of Feng Shui that works at even deeper levels by cleansing and purifying the chi of a building, thus enhancing the quality and nature of the energy in the space.
Many people now choose to make Space Clearing part of their regular building maintenance programme so that their space is energetically as well as physically clean and clear.
Only the most experienced energy workers are able to sustain the high level connections needed and Karen sets very high standards for the practitioners who train with her.
www.spaceclearing.com /html/what_is_sc.htm   (264 words)

  
 Clearing - Clearing Explained
The clearing process is a way in which students can continue their aspirations to attend University.
Clearance is not only about making available places available to students who need a place as they did not get the points they needed, but also making alternative options available to students who may have achieved better grades than they originally expected.
This is feasible because in any specific year, a University may not completely fill all the places that they have available either due to reduced applications or the non-achievement of grades.
www.merlinhelpsstudents.com /studentlife/beforeuniversity/clearing/ucasclearingprocess.asp   (650 words)

  
 Derivatives Clearing Organization Background   (Site not responding. Last check: 2007-11-06)
Registered derivatives clearing organizations, or DCOs, are clearing organizations registered with the Commission to perform the functions described in Section 1a(9) of the CEAct with respect to futures contracts or options on futures contracts, or with respect to those contracts as specified in the Commission.s order granting registration as a DCO.
The criteria for registration as a DCO are set forth in Section 5b of the CEAct and Part 39 of the CFTC's regulations.
Under Part 39 of the CFTC's rules, an applicant clearing organization will be automatically registered as a DCO 60 days after the Commission formally receives the application provided that the applicant demonstrates that it complies with the 14 core principles.
www.cftc.gov /dea/deadcobackground.htm   (618 words)

  
 [No title]
This meeting of technical experts on the Biosafety Clearing-House was duly convened in Montreal at the seat of the Secretariat from 11 to 23 September 2000.
Experts were drawn from a roster of Government-nominated experts, qualified in the fields of management of biosafety-related issues, information-sharing systems and database-management, establishment of clearing houses and/or the clearing-house mechanism of the Convention on Biological Diversity.
At its meeting held on 9-10 July 2001 in Havana, the Bureau requested the Secretariat to arrange for a second meeting of the Liaison Group of Technical Experts on the Biosafety Clearing House to have a technical review of the pilot phase of the Biosafety Clearing-House.
www.biodiv.org /bch/history.asp   (982 words)

  
 Clearing Up
Clearing Up Clearing Up is the definitive weekly newsletter update on energy policy, resource development and energy market news in the Pacific Northwest region and western Canada.
Clearing Up's editors and veteran reporters bring experience and understanding of energy issues to the newsletter.
By providing clear, simple, and sometimes humorous examples and explanations, he serves as a mentor and teacher for all those interested in understanding the Northwest energy situation.
www.newsdata.com /cu   (352 words)

  
 Chicago Fed Letter: Clearing and settlement demystified   (Site not responding. Last check: 2007-11-06)
We touch upon some of the public policy implications and provide an introduction to the arcane world of clearing and settlement in general, and derivatives clearing and settlement in particular.
Clearing and settlement usually begin with capturing trade data and ensuring that (if not performed already by an organized market) the specific terms of buyers' and sellers' trade records match correctly (as a mirror image of the other).
Some clearing organi/ations receive perfectly matched (paired) trade information from the exchange (s) that they support.
www.findarticles.com /p/articles/mi_qa3631/is_200501/ai_n9468828   (404 words)

  
 ADP Clearing > Press Releases   (Site not responding. Last check: 2007-11-06)
Murphy and Durieu is the first client signed by ADP Clearing and Outsourcing Services (ADP Clearing) since the acquisition of U.S. Clearing and BrokerDealer Services from Bank of America.
ADP Clearing and Outsourcing Services is a division of ADP Brokerage Services Group.
Alta has chosen ADP Clearing to provide a full range of clearing and settlement services for their municipal and corporate bond business.
www.usclearing.com /pressreleases.htm   (756 words)

  
 Soul Clearing at Holistic Junction
Soul clearing, an ancient process of restoring balance to individuals, is based on holistic views -- addressing each human being as a whole and comprised of multiple energy bodies -- as opposed to just the physical being.
Soul clearing is the portal for clearing away negative karma from past lives, birth and other imbedded belief systems.
Soul clearing is performed by a soul clearing practitioner that accesses, evaluates, clears and realigns energy bodies via the client's Higher Self, his or her Guides, and through the Divine.
www.holisticjunction.com /categories/MPD/soul-clearing.html   (349 words)

  
 Amazon.com: Chakra Clearing: Books: Doreen Virtue   (Site not responding. Last check: 2007-11-06)
The chakras themselves are a beautiful progression of shifting colors, starting with the red root chakra at the base of the spine and moving up the body, shade-by-shade, and ending with the royal purple "crown" chakra at the top of the head.
The relaxing evening meditation that follows clears away energy that you may have absorbed during the day, and invites angels to enter your dreams and give you divine messages.
I find Chakra clearing to be most effective after a Yoga workout that focuses on flexibility and relaxation.
www.amazon.com /exec/obidos/tg/detail/-/1401902774?v=glance   (2113 words)

  
 The Clearing (2004)   (Site not responding. Last check: 2007-11-06)
After all of the negative reviews I read about this movie, it was with reluctance and groaning that I agreed to watch it when my wife picked it out.
"The Clearing" is, as many have pointed out, a slower moving film.
"The Clearing" is a drama with two story lines moving along in parallel.
www.imdb.com /title/tt0331952   (361 words)

  
 The Wilderness Society - Land Clearing in NSW
Land clearing involves the removal and destruction of native woodlands, grasslands, forests and wetlands.
Land clearing remains the biggest environmental threat to the biodiversity of NSW wiping out millions of birds and animals every year.
A new advertising campaign is being launched by The Wilderness Society to draw attention to the failure of the NSW Labor Government to end broadscale land clearing and the ongoing loss of the iconic Coolabah trees.
www.wilderness.org.au /campaigns/landclearing/nsw   (484 words)

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