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Simple English definitions for legal terms

central clearing system

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A quick definition of central clearing system:

Central Clearing System: A way to make buying and selling stocks easier. It works like this: instead of each person or company having to keep track of all their own transactions, a special group called a clearinghouse does it for them. The clearinghouse makes sure everyone gets paid the right amount and keeps track of everything on a computer. This makes it faster and safer to trade stocks.

A more thorough explanation:

A central clearing system is a method used to facilitate securities transactions. In this system, an agent or subsidiary of an exchange acts as a clearinghouse for member brokerage firms. The clearinghouse clears the checks, settles the accounts, and delivers the payments on behalf of the member firms.

For example, let's say that a brokerage firm buys 100 shares of a company's stock from another brokerage firm. The central clearing system would ensure that the transaction is completed smoothly by clearing the checks, settling the accounts, and delivering the payment to the seller.

Most transactions in the central clearing system are reflected solely by computerized book entries. The clearinghouse provides statements that show the net balance to be paid to reconcile the member firm's accounts.

The central clearing system is an important part of the securities industry because it helps to ensure that transactions are completed efficiently and accurately. It also helps to reduce the risk of default by member firms, which can have a significant impact on the financial markets.

Central American Court of Justice | Central Criminal Court

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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