An individual that is part of an exchange, but that does not possess the ability to settle or clear transactions. A non-clearing member must pay a firm that is a clearing member to carry out clearing actions on transactions that he/she cannot perform.
Related information about non-clearing member:
- What is non-clearing member? definition and meaning
Definition of non-clearing member: An individual that is part of an exchange, but ... A non-clearing member must pay a firm that is a clearing member to carry out ...
- non-clearing member - Invest Definition
non-clearing member definition: A member of an organized exchange that does not have a trade clearing operation to match up buyers and sellers of futures ...
- Eurex - Non-Clearing Membership
The main requirements for Non-Clearing Member (NCM) status are the following: Conduct of derivatives trading in a commercial manner; Evidence that the ...
- Non-Clearing Member - The Free Dictionary
non·clear·ing member (n n-klîr ng). n. A member of a securities exchange that does not belong to the exchange's clearing facility but pays another firm to provide ...
- Non-Clearing Members - ECC
... the clearing license of the Clearing Member co-operating with said Non- Clearing Member has to comprise the product concerned; in case of physical delivery, ...
- ECC - Requirements
... the transactions of ECC and Non Clearing Member to be contractual counter party for both on the Derivatives Market. A Clearing Member clears transactions ...
- 21 - Nasdaq OMX
between a General Clearing Member (“GCM”) and a Non Clearing Member (“ NCM”) at NASDAQ OMX Stockholm AB (the “Clearing House”). 1. General Clearing ...
- ICE Futures Europe: Membership
An Individual Participant cannot be a clearing member and, as a non-clearing member, must enter into a clearing agreement with a General Participant who is a ...