Definition of "clearinghouses" [clearinghouses]

• Plural form of clearinghouse. (noun)

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• "The practice evolved into a system of check "clearinghouses" - networks of banks that exchange checks with each other-that still is in use."
• "And did not give regulators sufficient authority to mandate that these third parties, known as clearinghouses -- facilities that execute trades for parties who are required to post collateral and mark their positions daily to prevailing market prices -- accept swaps which could otherwise be rejected in order to allow the parties to the contract evade the clearing requirement altogether."
• "Futures traders, in contrast, outsource the credit risk of all their derivatives to central counterparties called clearinghouses, which require cash collateral or "margin" payments."