Clearinghouses

The practice evolved into a system of check "clearinghouses" - networks of banks that exchange checks with each other-that still is in use. ❋ Unknown (2008)

Futures traders, in contrast, outsource the credit risk of all their derivatives to central counterparties called clearinghouses, which require cash collateral or "margin" payments. ❋ Mark C. Brickell (2010)

And did not give regulators sufficient authority to mandate that these third parties, known as clearinghouses -- facilities that execute trades for parties who are required to post collateral and mark their positions daily to prevailing market prices -- accept swaps which could otherwise be rejected in order to allow the parties to the contract evade the clearing requirement altogether. ❋ Unknown (2010)

Futures traders, in contrast, outsource the credit risk of all their derivatives to central counterparties called clearinghouses, which require cash collateral or 'margin' payments. ❋ Unknown (2010)

Goldman, J.P. Morgan and Morgan Stanley have at least one common objective: To thwart or dilute proposals that would push trading in most derivatives onto exchanges or to "clearinghouses," which are middleman institutions set up to handle big transactions between banks. ❋ Damian Paletta (2010)

ANDREW CRUM, GREENDIMES CLIENT: First, you've got to find out all the different kind of clearinghouses that are harbingers of these junk mail lists. ❋ Unknown (2007)

Fund managers told the committee that they would support the creation of public exchanges or "clearinghouses" which would provide more transparency for credit default swaps, a complicated form of investments blamed by many analysts for the current financial crisis. ❋ Unknown (2008)

"clearinghouses" that assess financial risk determine for themselves which deals should get regulated. ❋ Unknown (2009)

The G-20 pledged to help safeguard the economy by forcing standardized swaps to be processed by clearinghouses, which guarantee trades, and to be traded on open platforms—either on exchanges or alternatives called swap execution facilities. ❋ Katy Burne (2011)

The folks at ISDA, the derivatives trade association, argue that forcing derivatives into clearinghouses and exchanges would introduce “excessive rigidity” into the system. ❋ Unknown (2010)

The near consensus is for derivatives to be handled by clearinghouses that guarantee payment and require collateral to be posted and for them to be traded on exchanges. ❋ Unknown (2010)

Firms need to build-out systems, and there are whole new facilities, like swaps clearinghouses and execution facilities, that will need to gear up before substantial parts of the derivatives title will have their intended meaning. ❋ Jessica Holzer (2011)

As part of its effort to ease market concerns, the SEC issued draft proposals Friday aimed at allowing clearinghouses to guarantee certain swap transactions. ❋ Jessica Holzer (2011)

Lawyers and legal observers are on call to work with election incident clearinghouses to address irregularities, uninformed poll workers, new voting systems, purged voter registration lists, voter suppression, misinformation, and intimidation tactics to ensure elections are administrated in a fair and transparent manner so all voters will have fair access to the process. ❋ Christine Pelosi (2010)