Meaning CLEARING MEMBER: A member firm of a clearing house. Each clearing member must also be a member of the exchange. Not all members of the exchange, however, are members of the clearing organization. All trades of a non-clearing member must be registered with, and eventually settled through, a clearing member
More terms such as Clearing member in Dictionary C.
- Definition Creditor:
- Examples Lender of money clearing member definition.
- Definition Cash Settlement Contracts:
- Examples Futures contracts such as stock index futures that settle for cash and do not involve delivery of the underlying clearing member explain.
- Definition Corporate Financing Committee:
- Examples A committee of the NASD that reviews underwriters' SEC-required documents to ensure that proposed markups are fair and in the public interest clearing member what is.
- Definition Capitalization Ratios:
- Examples financial leverage ratios, these ratios compare debt to total capitalization and thus reflect the extent to which a corporation is trading on its equity. Capitalization ratios can be interpreted only clearing member meaning.
- Definition Closed-End Management Company:
- Examples An investment company that has only a set number of shares of the mutual fund that it manages, and does not create new shares if demand increases. Antithesis of an open-end management company clearing member abbreviation.
