172@29@16@53!~!172@29@0@53!~!|glossary|options-and-futures|boardtrade-clearing-corporation_1709.html!~!www|moneycontrol|com!~!|mccode|glossary|glossary_question.php!~!is_mobile=false
Moneycontrol
YOU ARE HERE > Moneycontrol > Options and Futures > Glossary

Options and Futures

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Specials

An independent corporation that settles all trades made at the Chicago Board of Trade acting as a guarantor for all trades cleared by it, reconciles all clearing member firm accounts each day to ensure that all gains have been credited and all losses have been collected, and sets and adjusts clearing member firm margins for changing market conditions. Also referred to as clearing corporation. See Clearinghouse.

Sections