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  • 8.2.1-FUTURES MARKETS-CLEARING HOUSE

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  • Clearing house

     
     

    The clearing house conducts all futures business, including the tendering (delivery) of physicals under the terms of the futures contract. Usually set up as a corporation, separate and independent from the exchange, the clearing house guarantees and settles all exchange trades. Through its system of financial safeguards and transaction guarantees, the clearing house protects the interests of the trading public, members of the exchanges and the clearing members of the clearing corporation.

    ICE Clear U.S. or 'Clearing Corporation' is the designated clearing house for ICE Futures U.S.  - i.e. for the New York arabica and robusta contracts. Although an ICE Futures U.S. subsidiary, ICE Clear U.S. has its own separate membership, Board of Directors, elected officers and operating staff.

    In London the clearing house is owned by leading banks.