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Clearing house: Difference between revisions
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A well-capitalised intermediary body that [[clearing|clears]] and settles transactions executed on [[exchange]]. The [[exchange]] is the place where you ''execute'' the trade; the [[clearing house]] is where you ''settle'' it. Most [[exchange]]s will have an associated [[clearing house]]. | |||
{{seealso}} | |||
*[[Clearing]] | |||
*[[Clearing system]] - similar thing, but more often used in connection witgh the settlement of [[Debt security|debt securtities]]. | |||