clearing house funds

clearing house funds
/'klɪərɪŋ haυs ˌfʌndz/ plural noun
funds which are in the process of passing through the clearing house system

Dictionary of banking and finance. 2015.

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  • Clearing House Funds — Money that passes between Federal Reserve Banks in the form of personal or business checks prior to approval of credit. These funds are in the process of clearing and reconciliation through a central processing mechanism. Because of this, they… …   Investment dictionary

  • clearing house funds — Funds from the Federal Reserve System, requiring three days to clear, that are passed to and from banks. Bloomberg Financial Dictionary …   Financial and business terms

  • Clearing House Interbank Payment System — ( CHIPS) A privately owned electronic system in New York City that is used to transfer funds between banks. Often used for funds moving into and out of the United States. See Fed wire and Society for Worldwide Interbank Financial… …   Financial and business terms

  • Clearing House Automated Transfer System — The Clearing House Automated Transfer System, or CHATS, is a Real Time Gross Settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong …   Wikipedia

  • Clearing house (finance) — A clearing house is a financial institution that provides clearing and settlement services for financial and commodities derivatives and securities transactions. These transactions may be executed on a futures exchange or securities exchange, as… …   Wikipedia

  • Clearing House Interbank Payments System — The Clearing House Interbank Payments System (CHIPS) is the main privately held clearing house for large value transactions in the United States, settling well over US$1 trillion a day in around 250,000 interbank payments. Together with the… …   Wikipedia

  • Clearing House Association, LLC — The Clearing House Association, LLC is the nation’s oldest banking association representing 17 of the world s largest commercial banks, which collectively employ over 2 million people and hold more than half of all U.S. deposits. It is a… …   Wikipedia

  • Clearing House — An agency or separate corporation of a futures exchange responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery and reporting trading data. Clearing houses act as third parties to… …   Investment dictionary

  • Clearing House Interbank Payments System — CHIPS A US bankers clearing house for paying and accepting funds. It is an electronic system operated through terminals in bank branches. Participating banks must be members of the New York Clearing House Association or affiliates of it, for… …   Accounting dictionary

  • Clearing House Inter-Bank Payments System — CHIPS A US bankers clearing house for paying and accepting funds. It is an electronic system operated through terminals in bank branches. Participating banks must be members of the New York Clearing House Association or affiliates of it, for… …   Big dictionary of business and management

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