A clearing house is a centralized and computerized system for settling indebtedness between members, enabling efficient offsetting of claims for direct debits and credits.
CREST is an electronic share settlement system established by the Bank of England in 1996, revolutionizing the way securities transactions are settled in the UK by enabling electronic registration and instantaneous settlement, ultimately streamlining dividend payments and eliminating the need for paper certificates.
Euroclear is a pan-European provider of clearing, settlement, and related services for bond, equity, and investment-fund transactions. Based in Brussels, it was set up in 1968 by the US bank J. P. Morgan.
