member nonclearing what is
Meaning of Nonclearing member explanation. What is transactions, and must pay another member firm.

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Nonclearing member definition

Meaning NONCLEARING MEMBER: An exchange member firm that is not able to clear transactions, and must pay another member firm to carry out its clearing operations

More terms such as Nonclearing member in Dictionary N.

Definition Negotiable Instrument:
Examples An unconditional order or promise to pay some amount of money, easily transferable from one party to another nonclearing member definition.
Definition Nonparticipating Life Insurance Policy:
Examples Life insurance policy whose policyholders do not receive dividends, because they are not participants in the interest, dividends, and capital gains earned by the insurer on premiums paid nonclearing member explain.
Definition National Bank:
Examples A commercial bank approved by the U.S. Comptroller of the Currency, which is required to be a member of and purchase stocks in the Federal Reserve System nonclearing member what is.
Definition Net Advantage To Merging:
Examples The difference in total post- and pre-merger market value minus the cost of the merger nonclearing member meaning.
Definition Net Capital Requirement:
Examples SEC requirement that member firms and nonmember securities broker-dealers maintain a maximum ratio of indebtedness to liquid capital of 15 to 1 nonclearing member abbreviation.
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