Clearing Houses and Securities in Online Business Trade Directory

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The Clearing Corporation Corp in Online Business Directory

The Clearing Corporation is a Delaware corporation owned by 50 stockholders, many of whom represent the world-wide derivatives marketplace participants and market makers, and is the only active independent futures clearinghouse in the world. In 1925, The Clearing Corporation (CCorp), then named The Board of Trade Clearing Corporation (BOTCC), became the first independent clearinghouse for futures markets in the United States. Today, the original mandate for CCorp remains intact - to ensure the financial integrity of the futures and options contracts traded on the markets for which it clears. Throughout its history, CCorp has proven itself to be a clearinghouse dedicated to integrity and innovation with both its members and other institutions in the financial marketplace. The Clearing Corporation continuously evolved to meet the needs of the ever-changing derivatives market. It has been the industry innovator while continuing its role as guarantor of exchange-traded futures and options. CCorp takes every submitted trade and continuously matches, throughout the day, the clearing participant buyer with the clearing participant seller. Upon acceptance of a matched trade, The Clearing Corporation is substituted as the counterparty to each clearing participant counterparty to the trade (i.e., CCorp acts as the buyer to every clearing participant seller and the seller to every clearing participant buyer). In this way, The Clearing Corporation guarantees performance of all trades it accepts, in accordance with its Bylaws, rules, policies and procedures. Since CCorps opening in 1925, no customer has lost money as a result of a default by a clearing participant to The Clearing Corporation. This demonstrates The Clearing Corporations important role of ensuring the integrity of the marketplace.

Address: 227 W Monroe Street, Suite 1500, Chicago IL, 60606 USA
Telephone: (312) 786-5700
Fax: (312) 986-3444
Website: http://www.clearingcorp.com/