clearing house

简明释义

海关

英英释义

例句

1.Many credit card companies use a clearing house to process transactions quickly.

许多信用卡公司使用清算所快速处理交易。

2.The government set up a clearing house for managing the distribution of funds during the crisis.

政府设立了一个清算所来管理危机期间资金的分配。

3.The bank operates as a clearing house to facilitate transactions between different financial institutions.

这家银行作为一个清算所，促进不同金融机构之间的交易。

4.A clearing house can reduce the risk of default by guaranteeing the completion of trades.

一个清算所可以通过保证交易的完成来降低违约风险。

5.In the stock market, a clearing house ensures that trades are settled efficiently.

在股票市场中，清算所确保交易能够高效结算。

作文

In the world of finance and commerce, the term clearing house refers to an intermediary that facilitates the exchange of payments, securities, or derivatives transactions. This concept is crucial for ensuring that transactions are completed efficiently and securely. A clearing house acts as a central point where various financial institutions can settle their obligations with one another. By doing so, it minimizes the risk of default and enhances the overall stability of the financial system.The primary function of a clearing house is to match buy and sell orders, ensuring that both parties fulfill their commitments. For example, when two parties agree to trade a security, the clearing house verifies the details of the transaction, confirms that both sides have the necessary funds or assets, and then facilitates the actual transfer. This process not only streamlines trading but also provides a layer of security, as the clearing house guarantees that transactions will be settled even if one party defaults.There are various types of clearing houses, including those that deal with stock exchanges, futures markets, and over-the-counter (OTC) derivatives. Each type serves a specific purpose, but they all share the common goal of reducing counterparty risk. In essence, a clearing house serves as a buffer between buyers and sellers, allowing them to trade without having to worry about the creditworthiness of their counterparties.One of the most notable examples of a clearing house is the National Securities Clearing Corporation (NSCC) in the United States. The NSCC provides clearing and settlement services for virtually all broker-dealer trades in the U.S. equity markets. By acting as a clearing house, the NSCC helps to ensure that trades are executed smoothly and that investors can trust the integrity of the market.In addition to facilitating trades, clearing houses also play a significant role in risk management. They monitor the financial health of their member institutions and require them to maintain certain capital reserves. This oversight helps to prevent systemic risks that could arise from a single institution's failure. Moreover, clearing houses often use sophisticated algorithms to assess the risk associated with different transactions, further enhancing the safety of the financial system.However, the role of clearing houses is not without its challenges. During times of financial stress, such as the 2008 financial crisis, clearing houses can become overwhelmed by the volume of transactions. This can lead to delays in settlement and increased costs for market participants. As a result, regulators have placed greater scrutiny on clearing houses to ensure that they have adequate resources and risk management practices in place.In conclusion, the concept of a clearing house is fundamental to the functioning of modern financial markets. By acting as intermediaries, clearing houses facilitate the smooth execution of transactions while mitigating risks associated with counterparty defaults. As financial markets continue to evolve, the importance of effective clearing houses will only grow, underscoring their vital role in maintaining market integrity and stability.

在金融和商业的世界中，术语清算所指的是一个中介机构，它促进支付、证券或衍生品交易的交换。这个概念对于确保交易的高效和安全完成至关重要。清算所充当一个中心点，各种金融机构可以在此结算彼此之间的义务。通过这样做，它最小化了违约风险，并增强了金融系统的整体稳定性。清算所的主要功能是匹配买卖订单，确保双方履行其承诺。例如，当两方同意交易一项证券时，清算所会验证交易的细节，确认双方都有必要的资金或资产，然后促进实际的转移。这个过程不仅简化了交易，还提供了一层安全保障，因为清算所保证即使一方违约，交易也将被结算。有各种类型的清算所，包括处理股票交易所、期货市场和场外（OTC）衍生品的那些。每种类型服务于特定目的，但它们都有一个共同目标，即减少对手方风险。实质上，清算所作为买方和卖方之间的缓冲，允许他们进行交易，而无需担心对手方的信用状况。一个最著名的清算所例子是美国的国家证券清算公司（NSCC）。NSCC为几乎所有美国股市中的经纪商交易提供清算和结算服务。通过作为清算所，NSCC帮助确保交易顺利执行，投资者可以信任市场的完整性。除了促进交易外，清算所在风险管理中也扮演着重要角色。它们监控会员机构的财务健康，并要求它们保持一定的资本储备。这种监管有助于防止单个机构失败可能引发的系统性风险。此外，清算所通常使用复杂的算法来评估不同交易相关的风险，进一步增强金融系统的安全性。然而，清算所的角色并非没有挑战。在金融压力时期，例如2008年金融危机，清算所可能因交易量激增而不堪重负。这可能导致结算延迟和市场参与者成本增加。因此，监管机构对清算所施加了更大的审查，以确保它们具备足够的资源和风险管理实践。总之，清算所的概念对现代金融市场的运作至关重要。通过充当中介，清算所促进交易的顺利执行，同时减轻与对手方违约相关的风险。随着金融市场的不断发展，有效的清算所的重要性只会增加，突显出它们在维护市场完整性和稳定性方面的关键作用。