Translation: from english

London Clearing House

Look at other dictionaries:

  • London Clearing House — ( LCH) A Recognised Clearing House ( RCH) under the FSA, and is responsible for the clearing and settlement of derivative transactions effected on LIFFE, LME and IPE, and also securities transactions on Tradepoint Stock Exchange. Dresdner… …   Financial and business terms

  • London Clearing House — LCH A clearing house established in 1888 (known before 1991 as the International Commodities Clearing House). It provides futures and options markets with netting and settlement services as well as becoming a counterparty (see counterparty risk)… …   Big dictionary of business and management

  • London Clearing House — Fin an organization that acts on behalf of its members as a central counterparty for contracts traded on the London International Financial Futures and Options Exchange, the International Petroleum Exchange, and the London Metal Exchange. When… …   The ultimate business dictionary

  • London Clearing House — (LCH) See LCH.Clearnet …   Euroclear glossary

  • Clearing house (finance) — A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as… …   Wikipedia

  • clearing house — A centralized and computerized system for settling indebtedness between members. The best known in the UK is the Association for Payment Clearing Services (APACS), which enables the member banks to offset claims against one another for cheques… …   Big dictionary of business and management

  • Clearing House — Clearing House, Railway Clearing House (Abrechnungsbureau), organisierte Vereinigung der Bahnen Großbritanniens mit dem Sitz in London zur Schaffung von Erleichterungen für den durchgehenden Verkehr, insbesondere zur Abrechnung der… …   Enzyklopädie des Eisenbahnwesens

  • clearing house — An adjunct to a futures exchange through which transactions executed on its floor where trades are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and… …   Financial and business terms

  • London Bankers' Clearing House — London Bank|ers Clear|ing House, the in the UK, an organization owned by the large banks which deals with all the payments made every day using cheques, ↑switch etc, in order to find out how much each bank owes other banks …   Dictionary of contemporary English

  • London Bankers' Clearing House — Formerly, the organization that daily set off all cheques drawn for and against the clearing banks in the UK. It was established in Lombard Street, in the City of London, in the 1770s. In 1985 it was superseded by the Association for Payment… …   Big dictionary of business and management

  • Clearing House Automated Payments System - CHAPS — A British company that facilitates the trading of European currency. CHAPS provides same day fund transfers for the sterling and the euro. CHAPS transfers are used when money needs to be moved from one account to another. CHAPS transfers are… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

Wir verwenden Cookies für die beste Präsentation unserer Website. Wenn Sie diese Website weiterhin nutzen, stimmen Sie dem zu.