| 释义 |
nonclearing member Nonclearing memberAn exchange member firm that is not able to clear transactions, and must pay another member firm to carry out its clearing operations.Nonclearing MemberA member firm on an exchange that does not provide clearing services for other members and does not clear its own transactions. Nonclearing members must use a clearing house on the exchange to clear and settle trades. It pays a clearing fee for these services.nonclearing member A member of a securities exchange that does not belong to the exchange's clearing facility. Rather, the nonclearing member pays another firm to provide the service. |