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LSDefine

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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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