securities clearing agency
- securities clearing agency
Under Title 11 U.S.C. Section 101:(48) The term "securities clearing agency" means person that is registered as a clearing agency under section 17A of the Securities Exchange Act of 1934, or exempt from such registration under such section pursuant to an order of the Securities and Exchange Commission, or whose business is confined to the performance of functions of a clearing agency with respect to exempted securities, as defined in section 3(a)(12) of such Act for the purposes of such section 17A.
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clearing agency — business in which securities can be deposited for safekeeping … English contemporary dictionary
Mortgage-Backed Securities Clearing Corporation — A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency guaranteed MBSs transacted for forward delivery. The New York Times Financial Glossary ( MBSCC) Founded… … Financial and business terms
securities lending — The temporary transfer of securities from an investor s portfolio to a counterparty borrower. The counterparty may borrow to cover securities transaction fails (securities sold but for some reason unavailable for delivery to the buyers), short… … Financial and business terms
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 gains have been credited and all… … Financial and business terms
clearing bank — 1) In the UK, a bank that is a member of the central clearing system, to enable passage and clearance of cheques. It is often used as an alternative description for the major High Street banks. 2) In the USA, a bank that settles federal, agency,… … Big dictionary of business and management
Depository Trust & Clearing Corporation — Type Private Industry Finance Ge … Wikipedia
National numbering agency — A national numbering agency (NNA) is the organisation in each country responsible for issuing International Securities Identification Numbers (ISIN) as described by the ISO 6166 standard and the Classification of Financial Instruments code as… … Wikipedia
National numbering agency — Eine National numbering agency (NNA) ist diejenige nationale Organisation, die für die Vergabe von ISINs des jeweiligen Landes verantwortlich ist. Es handelt sich typischerweise um nationale Wertpapierbörsen oder Wertpapierdienstleister. In… … Deutsch Wikipedia
Fixed Income Clearing Corporation (FICC) — An agency that deals with the confirmation, settlement and delivery of fixed income assets in the U.S. The agency ensures the systematic and efficient settlement of U.S. Government securities and mortgage backed security transactions in the… … Investment dictionary
Central Securities Depository — Ein Zentralverwahrer (auch Wertpapiersammelbank, englisch: Central Securities Depository) ist eine Gesellschaft, die die Verwahrung und den Übertrag von Wertpapieren in Form effektiver Stücke oder von Bucheinträgen (dematerialisierte Wertpapiere) … Deutsch Wikipedia