Clearinghouse Corporation definition

Clearinghouse Corporation means an institution that settles mutual indebtedness between a number of financial or market organizations, and is usually financed by membership subscriptions and other dues of the market;
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Examples of Clearinghouse Corporation in a sentence

  • All remittances shall be made to the Collection Account, in Automated Clearinghouse Corporation next-day funds or immediately available funds, no later than 11 a.m., New York City time, on the Deposit Date.

  • All such deposits shall be made in Automated Clearinghouse Corporation next-day funds or immediately available funds, on or before the Business Day preceding the Distribution Date.

  • All such deposits shall be made in Automated Clearinghouse Corporation next-day funds or immediately available funds, on the Business Day following receipt thereof.

  • On the Business Day immediately preceding each Distribution Date, the Servicer shall deposit into the Certificate Account in Automated Clearinghouse Corporation next-day funds or immediately available funds an amount equal to the aggregate Non-Reimbursable Payments to be made in respect of the related Collection Period.

  • On the Business Day immediately preceding the related Distribution Date, the Servicer shall deposit an amount equal to the Accrued Interest in respect of each Receivable (an "Advance") in the Certificate Account in Automated Clearinghouse Corporation next-day funds or immediately available funds.

  • The Servicer shall deposit all such Advances into the Collection Account in Automated Clearinghouse Corporation next-day funds or immediately available funds no later than 11 a.m., New York City time, on the Deposit Date.

  • ACATS is an electronic transfer service maintained by the National Securities Clearing Corporation (“NSCC”)—a subsidiary of the Depository Trust & Clearinghouse Corporation (“DTCC”)—that facilitates the transfer of customer accounts among DTCC memberbrokerage firms.

  • After a spin-off, employee stock options are revalued according to Internal Revenue System (IRS) rules, while exhange traded options are revalued according to the Option Clearinghouse Corporation (OCC) rules.

  • On the Business Day immediately preceding each Distribution Date, the Servicer shall deposit into the Collection Account, in Automated Clearinghouse Corporation next-day funds or immediately available funds, an amount equal to Accrued Interest in respect of each Receivable (each, an "Advance").

  • This corresponds to the first contribution of the study.However, to practically define and implement relevant leading indicators for a project, the analysis must deepen and precisely characterize the processes, data and context of the project, etc.

Related to Clearinghouse Corporation

  • Clearinghouse means the Federal Motor Carrier Safety Administration Commercial Driver's License Drug and Alcohol Clearinghouse.

  • Clearing Corporation The meaning specified in Section 8-102(a)(5) of the UCC.

  • Clearing means the clearing and removal of vegetation, whether partially or in whole, including trees and shrubs, as specified;

  • EFT means electronic funds transfer.

  • Clearing House means a clearing house recognised by the laws of the jurisdiction in which the Shares (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction.

  • Merchant means any corporate entity, person or other establishment, supplying goods and/or services, which a Card Scheme Member Bank has approved and made arrangements to accept the Card or the Card numbers as a mode of payment or reservation by the Cardholder.

  • Clearing House Rules means the Certificate of Incorporation, the By- Laws and any rule, interpretation, stated policy, or instrument corresponding to any of the foregoing, in each case as adopted or amended from time to time by the Clearing House relating to any or all of the Swaps.

  • Depository The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository for purposes of registering those Certificates that are to be Book-Entry Certificates is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(a)(5) of the Uniform Commercial Code of the State of New York and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended.

  • Securities Depositories means DTC; and, in accordance with then current guidelines of the Securities and Exchange Commission, such other addresses and/or such other securities depositories as the District may designate in a Written Request of the District delivered to the Paying Agent.

  • Traveler s check” means an instrument that is payable on demand, is drawn on or payable at or through a bank, is designated by the term “traveler's check” or by a substantially similar term, and requires, as a condition to payment, a countersignature by a person whose specimen signature appears on the instrument.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Investment Management Services means any services which involve: (i) the management of an investment account or Fund (or portions thereof or a group of investment accounts or Funds); (ii) the giving of advice with respect to the investment and/or reinvestment of assets or funds (or any group of assets or funds); or (iii) otherwise acting as an “investment adviser” within the meaning of the Investment Advisers Act of 1940, as amended, including, without limitation, in each of the foregoing cases, performing activities related or incidental thereto.

  • Interstate system means that portion of the National System of Interstate and Defense Highways located within this State, as officially designated, or as may hereafter be so designated, by the Department of Transportation, and approved by the Secretary of Commerce or other appropriate federal official, pursuant to the provisions of Title 23 of the United States Code.

  • Electronic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.

  • Case management services means planned referral, linkage, monitoring and support, and advocacy provided in partnership with a consumer to assist that consumer with self sufficiency and community tenure and take place in the individual’s home, in the community, or in the facility, in accordance with a service plan developed with and approved by the consumer and qualified staff.

  • Central Office Switch (CO means the switching entity within the public switched Telecommunications network, including but not limited to:

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Corporation/ Corpn./ Department means the Central Warehousing Corporation.

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

  • American Express means American Express Limited.

  • MasterCard means MasterCard International Incorporated.

  • SCS means the Soil Conservation Service.

  • TD means The Toronto-Dominion Bank.

  • USAP The Uniform Single Attestation Program for Mortgage Bankers.

  • Automated Clearing House or “ACH” means a national and governmental organization that has authority to process electronic payments, including, but not limited to, the national automated clearing house association and the federal reserve system.