Sentences with phrase «central clearing house»

However, there is still a long way to go before the trillions of dollars transacted on central clearing houses around the world can move to ethereum, or any other blockchain.

Unlike other virtual monies — like Second Life's Linden dollars, for instance — it does not have a central clearing house run by a single company or organisation.

Infantino declined to comment directly on Premier League transfer spending, which eclipsed all other leagues, but said: «I want objective calculations and payments that all go through a central clearing house where both the intermediaries» commissions, transfer fees and training compensations are handled.»

- for clarification, I do believe a central clearing house / bank IS needed, just not the current institution run by and for the rich and powerful of the world.

The Legislative Reference Division has the important role of being the central clearing house across the Federal Government for proposed legislation or testimony by Federal officials.

Exchange traded options will generally be underwritten by a central clearing house, but most derivative contracts are traded OTC and the holder has a direct exposure to the firm which issued the contract.

Further, the absence of a central clearing house for such transactions makes enforcement challenging, as it is difficult to identify the parties upon which enforcement orders can be applied.

The blockchain is a decentralized ledger where records of all transactions are held not by a central clearing house (such as a bank or other financial institution) but by each member of the network, therefore removing the need for a trusted third party.