clearing house

American  

[kleer-ing haus] / ˈklɪər ɪŋ ˌhaʊs /

noun

1. a variant of clearinghouse.

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clearing house British  

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

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Example Sentences

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

From BBC

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

From BBC

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.

From Los Angeles Times

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.

From Reuters

Over 200 billion of that amount is held in Europe with around 125 billion managed by Belgian clearing house Euroclear.

From Reuters