清算所

中国在3个月前成立了上海清算所（ShanghaiClearingHouse），不过目前尚未披露该交易所会清算哪些产品以及何时开始清算。

For its part , China launched the Shanghai Clearing House three months ago , although the country has not revealed what products would be included and when clearing would start .

众议院两个重要委员会的这项提案，将推动多数衍生品进入交易所或清算所，但没有解决是否取缔买方无需持有基础资产的无实体CDS的问题。CDS是一种规避债券违约的保险。

The proposal by key committees of the House of Representatives would push most derivatives on to an exchange or clearing house but leaves open the issue of whether to outlaw CDSs a type of insurance against bonds defaulting in which the buyer does not own the underlying asset .

美国和欧洲正在拟定合理的监管规定，以增加透明度、并迫使CDS合约通过清算所交易。

Sensible regulations are in the works in the US and Europe to increase transparency and force contracts through clearing houses .

不过，几名高管表示，金管局已接洽了许多国际清算所，包括总部位于美国、一心想进军亚洲的洲际交易所（intercontinentalexchange）。

However , several said MAS had approached a number of international clearing houses , including the US-based group intercontinental-exchange , which has Asian ambitions .

上海清算所（ShanghaiClearingHouse）网站消息称，除了中国国开行承销的逾8亿元人民币融资券，东北特钢也可能在4月到期的10.15亿元人民币的90天期商业票据上违约。

Along with Rmb800m underwritten by China Development Bank , Dongbei Special also risks defaulting on Rmb1.015bn of 90-day commercial paper due in April , according to the Shanghai Clearing House website .

尽管可互换性是股市的特征之一，但对拥有清算所、为在其交易所进行的交易提供清算的CME来说，可互换性无异于一个噩梦。

While this is a feature of equity markets , it is anathema to the CME , which has a clearing house for trades done on its exchange .

20国集团（g20）已承诺，将迫使尽可能多的场外交易进入受监管的交易所和其他交易平台，并确保它们通过清算所进行处理，以此监管场外交易衍生品市场。

The group of 20 major economies has committed to regulating the over-the-counter derivatives markets by forcing as many OTC trades as possible onto regulated exchanges and other trading platforms and ensuring they are processed through clearing houses .

期货经纪商newedge亚太区首席执行官皮埃尔盖伊（pierregay）表示，创设中央清算所，并令其在交易所充当otc交易的对手可能是危险的，因为这将把风险从银行转移到清算所。

Pierre gay , Asia-Pacific chief executive of futures broker Newedge , said the creation of a central clearing house to act as counterparty to OTC transactions on exchanges could be dangerous because it would transfer risk from banks to the clearer .

从事零售交易的商人。国际商品交易清算所

A businessperson engaged in retail trade . International Commodities Clearing House

清算所将每个交易所清算成员各自的净结算头寸通知他们。

The clearinghouse informs every exchange member of their net settle status .

洲际交易所在伦敦已经有一家清算所。

It already has a clearing house in London .

他还呼吁提高交易透明度，并支持为合乎条件的衍生产品设置清算所。

He also called for more transparency , and supported clearing houses for eligible derivatives .

票据交换所；清算所票据交换所是银行交换支票、汇票的地方。

clearing house A clearing house is an office where banks exchange checks and drafts .

国际贸易停止后，商业交易就局限在本地进行了。国际商品交易清算所

Business was reduced to local buying and selling when international trading ceased . International Commodities Clearing House

8%的存款准备金率是不够的，对这些银行进行清算所需的资金数额便能够证明这一点。

An 8 per cent capital cushion is inadequate as the amounts for winding up these banks will show .

代表卖家的经纪公司通知清算所期货合同中的卖家希望交货了。

The clearing firm representing the seller notifies the clearinghouse that its short customers want to deliver on a futures contract .

金融机构根据清算所的规则与流程在指定的时间交换要结算的凭证。

The institutions settle for items exchanged at a designated time based on the rules and procedures of the clearing house .

清算所是一笔交易中处于交易双方中间的第三方，以保证在其中任意一方发生违约的情况下交易仍能完成。

Clearing houses stand between two parties in a trade , ensuring a deal is completed in the event of a default .

十九世纪中期以来期货交易所和期货清算所的产生和完善，反映了场内市场衍生工具信用风险控制的历史演进；

The creation and development of futures exchanges and clearinghouses since the mid-eighteenth century portrayed the evolution of credit risk control for exchange-traded derivatives .

这么做的额外好处是，一旦某交易者违约，风险会传递给清算所，损失得以控制。

That would have the added benefit of limiting the damage from a collapse , since the default would pass to the clearing house too .

最著名的三个例子是无线电波段许可证的拍卖市场、电力现货市场和劳动力中央清算所。

Perhaps the three best known of these are auction markets for radio spectrum licenses , spot markets for electric power , and labor market clearinghouses .

而这反过来也使银行具备足够的信心，敢于不通过受监管的交易所或清算所，在彼此之间达成场外衍生品协议。

And that , in turn , made the banks confident enough to strike OTC deals with each other , without using regulated exchanges or clearing houses .

根据该计划，中央清算所需要提供交易量数据（这些将是可公开获取的信息），并向监管机构披露各具体交易方的交易。

Central clearers will be required to produce publicly available data on trading volumes under the plan , and reveal to regulators the trades of individual counterparties .

该所没有管理大宗商品期货交易所的经验，在欧洲没有清算所，半数董事由香港政府任命。

It has no experience running a commodity futures exchange , no clearing house in Europe , and half of its board is appointed by the Hong Kong government .

不过，这件事的确突显出新加坡有必要建立一个合适的市场基础设施&我的意思是说，面向大宗商品衍生品交易和其它场外交易的清算所。

Yet it does underline the need for Singapore to build a proper market infrastructure – by which I mean a clearing house , for commodity derivatives and other over-the-counter products .

香港的另一项关键优势在于，提前3年建设了进行高效实惠的人民币贸易结算和清算所需的基础设施。

Another key advantage for Hong Kong is a three-year head start in building the infrastructure needed to trade , settle and clear transactions in the renminbi efficiently and cost effectively .

美国政府此项新计划将要求所有的“标准化”场外衍生产品通过中央清算所进行结算，以降低投资者危险地暴露在单一交易对手面前的风险。

The new government plan would force all " standardised " OTC derivatives to be cleared through central clearinghouses , to reduce the risk of investors being dangerously exposed to a single counterparty .

作为其中的一部分，银行资金将不必再被这两个平台的两个清算所占用，因为合并后的衍生品平台将只使用一个清算所。

As part of that , banks would no longer have to tie up money at the platforms ' two clearing houses because only one would be used for the combined derivatives platforms .

她的项目通过帮助世界各地财力有限的艺术家建立作品集、组织装置艺术，以及保护其创意产权，还起到一个清算所的作用。

Her programme also serves as a clearing house for artists around the world who have limited financial resources by helping them create portfolios , put on installations and protect their creative property .

然而，要求改进的广泛呼声并为因此而消失，特别是通过设立中央清算所，来帮助改善交易活动的透明度并降低市场风险。

However , that has not stopped widespread demands for improvements , not least through the creation of a central clearing house , to help improve the transparency of trading activity and risk in the market .