securities clearing agency

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

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  • 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

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  • 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

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