clearing organization

Definition of "clearing organization"
  1. An institution that clears and settles futures and other derivative transactions and ensures adequate contract delivery procedures and financing of trading, which might be associated with an exchange or independent entity.
How to use "clearing organization" in a sentence
  1. The plans for the risky trade were set, pending approval from the clearing organization.
  2. The clearing organization was instrumental in ensuring the swift and seamless delivery of the contract's procedures.
  3. The new investment firm established its own clearing organization to manage future trades.

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