Exact(1)
If one of the parties goes bust mid-transaction then the clearing house steps in to complete it.
Similar(59)
An estimated 70% of the transactions using the European single currency are processed in London by clearing houses, which step in between major banks and financial firms on big deals to guarantee transactions.
Three arrests for clearing house violations.
National clearing house for film and media studies jobs.
Taken one step further, the blockchain also acts as a ledger of accounts, a database, a notary, a sentry, and clearing house, all by consensus.
The European Central Bank had argued that clearing houses – such as LCH Clearnet, which step in between major banks and financial firms on big deals to guarantee the transactions – should be based in the eurozone as they handle euro-denominated deals.
That there be clearing houses.
Their winter search-and-destroy mission was the first step towrd creating a clearing house for freelance work in the New York garment industry.
The next step is the full-scale implementation of a clearing house and an examination of its costs and benefits.
This is a good and important step, and will help prevent the UK being a clearing house for poached tusks.
Clearing House, New York, N.Y.
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