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Definition of Wire house
A firm operating a private wire to its own branch offices or to other firms, commission houses or
A collection of 32 regional electronic interbank networks used to
A computer message system linking major banks. It is used not for effecting payments, but as a
Brokerage firms that help to find potential buyers or sellers of large block trades.
A computerized clearing system for sterling funds
An international wire transfer system for high-value
An adjunct to a futures exchange through which transactions executed its floor are settled by a
A firm which buys and sells future contracts for customer accounts. Related: futures
A wire transfer system for high-value payments operated by the Federal Reserve System.
Warehouse rented by a warehouse company on another firm's premises.
Refers to the time it takes the receiver of a check to process the payment and
Warehouse operated by an independent warehouse company on its own premises.
A firm which deals in actual commodities.
Evidence that a firm owns goods stored in a warehouse.
A banking clearinghouse that processes direct
A warehouse into which service parts and finished goods are
The demand for a part by an outlying warehouse.
An electronic transmission of money from one place to another. For example, you might request that your bank transfer money from your bank account in Vancouver to the account of a relative in Quebec City. To do this, you would provide the relativeâ€™s name and account number, as well as the address of the bank in Quebec City. Your bank would then "wire" the funds, which would usually arrive within a couple of days.
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