Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

clearing agent

Securities. A person or company acting as an intermediary in a securities transaction or providing facilities for comparing data with respect to securities transactions. ( The term includes a custodian of securities in connection with the central handling of securities. Securities Exchange Act § 3(a)(23)(A) (15 USCA § 78c(a)(23)(A)). - Also termed clearing agency.