Clearinghouse

n. place where mutual claims and accounts are settled; agency for classifying and distributing

A clearing house (also spelled clearing-house or clearinghouse) is an institution that collects and distributes information.Clearing house (finance)Clearing houses are also used by Railways and Airlines.Clearing House (EU), an EU intelligence bodyThe term may also refer to banks like Suffolk Bank that acted as a restraint on the over-issuance of private bank notes.
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n. clearing house, institution maintained by banks where accounts and mutual claims are settled

An adjunct to a futures exchange through which transactions executed on its floor are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and the adequate financing of the entire operation.