clearing house

noun

1. banking an institution where cheques and other commercial papers drawn on member banks are cancelled against each other so that only net balances are payable

2. a central agency for the collection and distribution of information or materials

Example Sentences

The biggest share – some €185bn – is sitting in Euroclear, a clearing house for financial transactions in Brussels which operates under EU jurisdiction.

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His library, the Carter Presidential Center, became an influential clearing house of ideas and programmes intended to solve international problems and crises.

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It is not clear that Mr. Trump is done clearing house.

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Organizers say the Expo was always designed as a clearing house for far out ideas but there have been times when its open-minded, anything-goes attitude has gone too far.

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Under the rule, more trades would be sent to a clearing house, requiring counterparties to put up cash to guarantee execution in the event of defaults.

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