A department of an Exchange or a separate legal entity that provides a range of services related to the clearing and settlement of trades and management of risks associated with the resulting contracts. A Clearing House is a central counterparty to all trades, that is, the buyer to every seller and the seller to every buyer
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A primary market activity where the investors are a few pre-identified institutional investors.
The amount that has to be deposited with the Clearing Corporation before the purchase or sale of a security.
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