International Commodities Clearing House - ICCH

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Commodities Exchange

    An entity, usually an incorporated non-profit association, that ...
  2. Clearing

    The procedure by which an organization acts as an intermediary ...
  3. Clearing House

    An agency or separate corporation of a futures exchange responsible ...
  4. Commodity

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

    An auction market in which participants buy and sell commodity/future ...
  6. Delivery

    The action by which an underlying commodity, security, cash value, ...
Related Articles
  1. A Primer On The Forex Market
    Options & Futures

    A Primer On The Forex Market

  2. Forex: Wading Into The Currency Market
    Forex Education

    Forex: Wading Into The Currency Market

  3. An Introduction To Managed Futures
    Options & Futures

    An Introduction To Managed Futures

  4. Futures Fundamentals
    Insurance

    Futures Fundamentals

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center