clearing house

institution maintained by banks where accounts and mutual claims are settled

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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Noun
1. a central collection place where banks exchange checks or drafts; participants maintain an account against which credits or debits are posted
(hypernym) financial institution, financial organization, financial organisation

A department of an exchange or a separate legal entity which provides a range of services related to the clearing and settlement of transactions and payments, and the management of risks associated with the resulting contracts. In many cases the clearing house acts as central counterparty.
See also:
 central counterparty      clearing    

Synonyms and related words:
Bank of England, Bank of France, Federal Reserve bank, International Monetary Fund, Lombard Street bank, Swiss bank, World Bank, bank, branch bank, central bank, commercial bank, farm loan bank, federal land bank, investment bank, member bank, moneyed corporation, mutual savings bank, national bank, nonmember bank, reserve bank, savings bank, state bank, trust company