Wire house
A firm operating a private wire to its own branch offices or to other firms, commission houses or brokerage houses. |
Similar financial terms
Bank wireA computer message system linking major banks. It is used not for effecting payments, but as a mechanism to advise the receiving bank of some action that has occurred, e.g. the payment by a customer of funds into that bank's account.
Trade house
A firm which deals in actual commodities.
Public warehouse
Warehouse operated by an independent warehouse company on its own premises.
Block house
Brokerage firms that help to find potential buyers or sellers of large block trades.
Clearing House Automated Payments System (CHAPS)
A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS).
Clearing House Interbank Payments System (CHIPS)
An international wire transfer system for high-value payments operated by a group of major banks.
Clearing House
An adjunct to a futures exchange through which transactions executed its floor are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and the adequate financing of the entire operation.
Commission house
A firm which buys and sells future contracts for customer accounts.
Household income
The total level of income earned by all the households in the economy. This will be a significant part of the overall level of National Income.
Licensed Warehouse
A warehouse approved by exchange from which a commodity may be delivered on a futures contract.
