International Clearing System
Categories: Derivatives, Trading
The International Clearing System is the magical mirror kingdom, where international futures contracts get settled. When it’s time for money and delivery to change hands, it needs to be "cleared" somewhere, and by someone. The International Clearing System aims to encourage international futures contracts by making the clearing process for them nice and efficient.
For investors wanting to get into the futures contract game internationally, they’ll likely contact an international clearing house, which will use the international clearing system to find the other party for the futures contract.
Since each country has its own clearing requirements and processes, the International Clearing System is the place to go for the least red tape and bureaucracy in international futures contract trading.