A clearing house is a central entity or centralized-processing mechanism through which financial institutions agree to exchange payment instructions or other financial obligations (for example, securities). The institutions liquidate the exchanged instruments at a specified moment on the basis of the clearing house rules and procedures.
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Cecoban: Private institution that implements clearing processes and transfers financial-sector payment media information.
Cecoban clears checks and low-value transfers. |
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Asigna: Trust that clears and liquidates futures and options contracts. It also acts as the key counterparty in each operation performed on the Mexican derivatives market (MexDer), identified with the name “Asigna, Compensación y Liquidación.” |
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