clearinghouse

listen to the pronunciation of clearinghouse
English - Turkish
takas odası
kliring odası
çek değişim bürosu
English - English
alternative spelling of clearing house
A financial organization, typically associated with one or more exchanges, that matches the buy and sell orders that take place during the day and keeps track of the obligations and payments required of the members of the clearinghouse
A decentralized system of servers located on the Internet which contain field-level descriptions of available digital spatial data This descriptive information, known as metadata, are collected in a standard format to facilitate query and consistent presentation across multiple participating sites A fundamental goal of Clearinghouse is to provide access to digital spatial data through metadata
is an organization that registers, monitors, matches, and guarantees trades on a future market and performs financial settlement of future transactions
A service that takes claims and other electronic data from providers, verifies the information and forwards the proper forms to the payors More than a transfer station, a clearinghouse acts as a fact-checker and data format translator
An agency that accepts claims from providers and resubmits them to the carrier in the carrier's desired format and to meet the carrier's data requirments
A business that collects and prepares items such as coupons or checks for the business that issued them
An institution where mutual claims are settled between accounts of member depository institutions Clearinghouses among banks have traditionally been organized for check-clearing purposes, but more recently have cleared other types of settlements, including electronic fund transfers
{i} place where mutual claims and accounts are settled; agency for classifying and distributing
An adjunct to a futures exchange through which transactions executed its floor are settled by a process of matching purchases and sales A clearing organization is also charged with the proper conduct of delivery procedures and the adequate financing of the entire operation
An agency or separate corporation of a futures exchange that is responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery, and reporting trading data Clearinghouses act as third parties to all futures and options contracts-acting as a buyer to every clearing member seller and a seller to every clearing member buyer
Clearing corporations, or clearinghouses, provide operational support for brokerage firms and exchanges, and help ensure the integrity of securities trading in the U S and other open markets For example, when an order to buy or sell securities, futures, or options has been filled, the clearinghouse compares the details of the trade, delivers the product to the buyer, and ensures that payment is made to settle the transaction
A conventional or limited purpose entity generally restricted to providing specialized services, such as clearing funds or settling accounts
Under HIPAA, this is an entity that processes or facilities the processing of information received from another entity that is in a nonstandard format or that contains nonstandard data and converts the content into standard data elements or a standard transaction Texas Health Information Network (THIN) is an example of a clearinghouse
A collection of directory replicas on one CDS server A clearinghouse takes the form of a database file It can exist only on a CDS server node; it cannot exist on a node running only CDS clerk software Usually only one clearinghouse exists on a server node, but there may be special cases when more than one exists
A computerized facility that compares and reconciles both sides of a brokerage trade
The School-to-Careers (STC) Clearinghouse is a database that links schools with businesses willing to volunteer their resources to offer quality programs and services geared to better prepare students for tomorrow=s workforce It was designed to make school and business partnerships more efficient and effective Each business provides the Clearinghouse with a menu of opportunities it can support according to its available resources Each participating school, in turn, works through the Clearinghouse to utilize those resources
An intermediary that accepts electronic transmissions from other organizations, edits and processes the transmission, then reroutes and sends them electronically to the appropriate payers In insurance, it is an intermediary that receives claims from healthcare providers or other claimants, edits the claims data for validity and accuracy, translates the data from a given format into one acceptable to the intended payer, and forwards the processed claim to the appropriate payers
For health care, an organization that translates health care data to or from a standard format
Institution established by firms engaged in similar activities to enable them to offset transactions with one another in order to limit payment settlements to net balances. Clearinghouses play an important role in settling international payments and the transactions of banks, railroads, and stock and commodity exchanges. Bank clearinghouses are usually voluntary associations of local banks set up to simplify the exchange of checks, drafts, and notes, as well as to settle balances. Increasingly, the automated clearinghouse (ACH) is used to transfer funds electronically. The clearinghouse idea was applied to various forms of trade from an early time. The Amsterdam Exchange Bank, founded in 1609, became Europe's largest clearinghouse and made the city an international financial centre. The first modern bank clearinghouse was established in London in 1773. The first bank clearinghouse in the U.S. was established in 1853
An independent organization or component of a larger organization which serves as a central agent for the collection, organization, storage, and dissemination of documents and that also performs referral services and research assistance Information clearinghouses usually provide these services on a specifically defined subject or subjects
a physical repository structure used to accumulate and disseminate digital data and information concerning that data In the GIS context a clearinghouse can contain all or a portion of spatial, meta data and informational data
An agency connected with a commodity exchange through which all futures contracts are reconciled, settled, guaranteed and later either offset, or fulfilled through delivery of the commodity and through which financial settlement is made It may be a fully chartered separate corporation, rather than a division of the exchange itself
An agency associated with an exchange, which guarantees all trades, thus assuring contract delivery and/or financial settlement The clearinghouse becomes the buyer for every seller and the seller for every buyer In the case of listed equity option, the clearing house is the Options Clearing Corporation (OCC)
An agency connected with a commodity exchange through which all futures contracts are reconciled, settled, guaranteed, and later either offset or fulfilled through delivery of the commodity and through which financial settlement is made It may be a fully chartered separate corporation, rather than a division of the exchange itself

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clearinghouses
plural of clearinghouse
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