How Long Does It Take a Check to Clear?
"Clear a check" refers to the transfer of money from one account to another account to cover a deposited check. The check is ...
Nasdaq1y
General Clearing Member Model
A GCM is an entity that has been approved by the clearing house for clearing of principal transactions and client transactions on behalf of GCM clients. A general clearing member signing a general ...
JD Supra6d
The CFTC Codifies the Letter 19-17 Compliance Processes Around Separately Margined Accounts
In 2014, the Joint Audit Committee issued a Regulatory Alert insisting that futures commission merchant (FCM) clearing members treat separate ...
Asset Servicing Times1y
EFAMA panel: Mandatory active accounts for EU clearing could increase systematic risk
There is some industry apprehension that mandatory active accounts for EU clearing could increase systemic risks, not lower them. The concern came from panellists who took part in an EFAMA webinar on ...