International Commodities Clearing House - ICCH


DEFINITION of 'International Commodities Clearing House - ICCH'

An international clearing house for futures markets around the world. Based in London, the ICCH maintains and organizes the daily duties of clearing futures contracts and guarantees the due fulfillment of transactions for its registered members.

BREAKING DOWN 'International Commodities Clearing House - ICCH'

While the ICCH is a worldwide operator, it primarily serves as the common clearing house for the future markets in Great Britain and Europe. The ICCH is owned by six British clearing banks and provides clearing and settlement facilities for international future markets.

  1. Clearing House

    An agency or separate corporation of a futures exchange responsible ...
  2. Commodities Exchange

    An entity, usually an incorporated non-profit association, that ...
  3. Commodity

    1. A basic good used in commerce that is interchangeable with ...
  4. Futures Market

    An auction market in which participants buy and sell commodity/future ...
  5. Clearing

    The procedure by which an organization acts as an intermediary ...
  6. Delivery

    The action by which an underlying commodity, security, cash value, ...
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