Define Clearing House System.
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A clearing house is a financial institution formed to facilitate the exchange of payments, securities, or derivative transactions
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Clearing houses system the exchange instrument and processing of payment instructions at central point among the participating
The reserve bank of India operates clearing houses to settle banking transactions. the RBI manages 14 major clearing houses of the country
It is 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.
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