Clearing Corporation Law and Legal Definition
Clearing corporation means:
(i) a person that is registered as a clearing agency under the federal securities laws;
(ii) a federal reserve bank; or
(iii) any other person that provides clearance or settlement services with respect to financial assets that would require it to register as a clearing agency under the federal securities laws. Registration is not required if its activities as a clearing corporation, including promulgation of rules, are subject to regulation by a federal or state governmental authority.
Legal Definition list
Related Legal Terms
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
- Alaska Native Corporation
- Amended and Restated Articles of Incorporation
- American Municipal Bond Assurance Corporation
- Ancillary Corporation
- Articles of Incorporation
- Automated Clearing House
- Automatic Clearing House
- Benevolent Corporation
