clearing house

clearing house A centralized and computerized system for settling indebtedness between members. The best known in the UK is Bacs (seeUK Payments Administration), which enables the member banks to offset claims against one another for direct debits and credits. Similar arrangements exist in financial exchanges, in which sales and purchases are registered with the clearing house for settlement at the end of the accounting period. See alsoClearstream; Euroclear; London Clearing House; Recognized Clearing House.

Clearing House Inter-Bank Payments System(CHIPS) A US bank clearing house for large-value dollar transactions. It is owned by financial institutions and operated by the Clearing House Payments Company. Any bank may participate providing that it has a regulated US presence. See alsofedwire.

• shamrock organization
• sham transaction
• share
• share account
• share certificate
• shared-cost effect
• share exchange
• share-for-share offer
• shareholder
• shareholder debt
• shareholders’ equity
• shareholder value
• shareholder value analysis
• Share Incentive Plan
• share incentive scheme
• share index
• share issued at a discount
• share of wallet
• share premium account
• share register
• ShareSave
• share shop
• shares outstanding
• share splitting
• share transfer