What Does Self Clearing Mean?
Self-Clearing Means, as to Any Dco and Swap, a Participant, Sponsored Participant, Client or Customer That Is a Clearing Member of the Relevant Dco with...
Self-Clearing means, as to any DCO and Swap, a Participant, Sponsored Participant, Client or Customer that is a Clearing Member of the relevant DCO with respect to such Swap.
What is a self-clearing house?
Self-Clearing Firms
In some cases, brokerages can act as their own clearing firm rather than pass trades submitted to the brokerage to an external clearing firm for mediation. These self-clearing firms operate within a brokerage such that the brokerage is able to execute trades internally.
What does a clearing firm do?
A clearing corporation is an organization associated with an exchange to handle the confirmation, settlement, and delivery of transactions. Clearing corporations fulfill the main obligation of ensuring transactions are made in a prompt and efficient manner.
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