Clearing and Settlement of Derivatives

development of on-line trade entry and risk analysis systems. The

Clearing Corporation continues to make every effort to enhance the

clearing and settlement process for its members.

Source: Clearing Corporation website.

The statement above sums up many of the attributes of a clearing

house in general and today the many clearing houses that operate do

so with efficiency, cost effectiveness and security of the markets and

members as their primary objectives.

We can look at some of the clearing houses and in doing so build up

a picture of the role of these important organisations in the market

infrastructure.

We can start with