- International Clearing System
- A trading system used when a futures contract transaction is entered on an international level. It is designed to promote world trade and market efficiency. Most international clearing transactions are administered by an international clearing house.
For example, if a company wanted to purchase a futures contract for wheat from a foreign party, they would need to contact a clearing house, which will use the international clearing system to find another party. The other party, who will assume the opposite position (in this case, the one who is looking to sell the wheat contract) in the futures contract, will have also contacted a clearing house in their respective country, who will also use the international clearing system.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
International Clearing Union — Das Bretton Woods System ist, aufgrund der Konferenz von Bretton Woods am 22. Juli 1944, nach einem Ort im US Staat New Hampshire benannt. Es bezeichnet das internationale Währungssystem von festen Wechselkursen nach dem Zweiten Weltkrieg, das… … Deutsch Wikipedia
European System for the International Clearing of Vacancies and Applications for Employment — (SEDOC) A Commission agency for the exchange of information between Member States … Glossary of the European Union and European Communities
clearing bank — a bank that is a member of the Committee of London and Scottish Clearing Bankers. Collins dictionary of law. W. J. Stewart. 2001. clearing bank … Law dictionary
Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong … Wikipedia
Clearing (finance) — In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying… … Wikipedia
international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… … Universalium
Clearing the neighbourhood — of its orbit is a criterion for a celestial body to be considered a planet in the Solar System. This was one of the three criteria adopted by the International Astronomical Union (IAU) in its 2006 definition of planet. In the end stages of… … Wikipedia
Clearing House Automated Payment System — (CHAPS) Computerised payment system for clearing cheques operated by banks in the UK. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
clearing house — A body through which futures or commodity trading takes place. It monitors transactions and provides a system for financial settlement. For exchange contracts, namely, transactions conducted through clearing houses, the clearing house also acts… … Law dictionary
Clearing House Interbank Payments System — (CHIPS) A New York computerised network through which cheques are cleared. Most Eurodollar transactions are cleared through CHIPS. Related links FSMA overview Practical Law Dictionary. Glossary of UK, US and international legal terms. www.pra … Law dictionary