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 M¢37  Funded By Mahalo ? |  September 25, 2009 02:07 PM

What is the role of a Futures Clearing House?

Does the Clearning House act as an intermediary organization between the investor and the financial institution?
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Best Answer  Chosen by Asker

 
September 25, 2009 04:22 PM
Time travel creates alternate realities that must be tracked carefully in order to assure safe travel. These Futures Clearing Houses are great places to go on vacation to alternate futures. Please remember to keep human interaction to a minimum and never interact with your other self even in an alternate future. ^_^

OK now for the serious answer

"What Does Clearing House Mean?
An agency or separate corporation of a futures exchange responsible for settling trading accounts, clearing trades, collecting and maintaining margin monies, regulating delivery and reporting trading data. Clearing houses act as third parties to all futures and options contracts - as a buyer to every clearing member seller and a seller to every clearing member buyer."

See below for more information
http://www.investopedia.com/terms/c/clearinghouse.asp
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Tags: futures, scifi

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