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Investing Glossary:
Clearinghouse
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| An adjunct to a futures Exchange through which transactions executed On its Floor are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of Delivery procedures and the adequate financing of the entire operation.
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