clearing organization
Defined in 3 places across 2 titles of the United States Code.
“clearing organization” means a derivatives clearing organization registered under the Act;
Source
- 2000–present11 U.S.C. § 761Bankruptcy · Definitions for this subchapter · in this subchapter
“clearing organization” means organization that clears commodity contracts made on, or subject to the rules of, a contract market or board of trade;
Source
- 1994–200011 U.S.C. § 761Bankruptcy · Definitions for this subchapter · in this subchapter
The term “clearing organization” has the meaning given the term in section 4402 of this title.
Source
- 2018–present12 U.S.C. § 2277a-10cBanks and Banking · Corporation as conservator or receiver; certain other powers · under this part
The term “clearing organization” means a clearinghouse, clearing association, clearing corporation, or similar organization—
(A) that provides clearing, netting, or settlement services for its members and—
(i) in which all members other than the clearing organization itself are financial institutions or other clearing organizations; or
(ii) which is registered as a clearing agency under the Securities Exchange Act of 1934 [15 U.S.C. 78a et seq.]; or
(B) that is registered as a derivatives clearing organization under section 7a–1 of title 7.
Source
- 2000–200512 U.S.C. § 4402Banks and Banking · Definitions · for purposes of this subchapter
The term “clearing organization” means a clearinghouse, clearing association, clearing corporation, or similar organization—
(A) that provides clearing, netting, or settlement services for its members and—
(i) in which all members other than the clearing organization itself are financial institutions or other clearing organizations; or
(ii) which is registered as a clearing agency under the Securities Exchange Act of 1934 [15 U.S.C. 78a et seq.]; or
(B) that performs clearing functions for a contract market designated pursuant to the Commodity Exchange Act [7 U.S.C. 1 et seq.].
Source
- 1994–200012 U.S.C. § 4402Banks and Banking · Definitions · for purposes of this subchapter
The term "clearing organization" means a clearinghouse, clearing association, clearing corporation, or similar organization—
(A) that provides clearing, netting, or settlement services for its members and—
(i) in which all members other than the clearing organization itself are financial institutions or other clearing organizations; or
(ii) which is registered as a clearing agency under the Securities Exchange Act of 1934 [15 U.S.C. 78a et seq.], or is exempt from such registration by order of the Securities and Exchange Commission; or
(B) that is registered as a derivatives clearing organization under section 7a–1 of title 7, that has been granted an exemption under section 6(c)(1) of title 7, or that is a multilateral clearing organization (as defined in section 4421 1 of this title).
Source
- 2011–present12 U.S.C. § 4402Banks and Banking · Definitions · for purposes of this subchapter
The term “clearing organization” means a clearinghouse, clearing association, clearing corporation, or similar organization—
(A) that provides clearing, netting, or settlement services for its members and—
(i) in which all members other than the clearing organization itself are financial institutions or other clearing organizations; or
(ii) which is registered as a clearing agency under the Securities Exchange Act of 1934 [15 U.S.C. 78a et seq.], or is exempt from such registration by order of the Securities and Exchange Commission; or
(B) that is registered as a derivatives clearing organization under section 7a–1 of title 7, that has been granted an exemption under section 6(c)(1) of title 7, or that is a multilateral clearing organization (as defined in section 4421 of this title).
Source
- 2005–201112 U.S.C. § 4402Banks and Banking · Definitions · for purposes of this subchapter