In some financial markets there are Clearing Houses. These act as central counterparties, and thus reduce or eliminate settlement risk, and often allow netting of transactions.
OCC is the issuer and registered clearing facility for all U.S. exchange-listed securities options, including those traded on the American Stock Exchange, the Chicago Board Options Exchange, the Pacific Exchange, the Philadelphia Stock Exchange and The In http://www.optionsclearing.com/
CDCC is the issuer, clearing house, and hence guarantor of exchange-traded interest rate and equity derivative contracts traded in Canada. http://www.cdcc.ca/
International clearing and settlement organisation, offering comprehensive services for domestic and cross-border equities, bonds and investment funds. http://www.clearstream.com/
Provides real-time settlement for a comprehensive range of UK and international shares, UK government bonds and other corporate securities. http://www.crestco.co.uk/
Establishing common principles for cross-border activities for efficient and safe securities settlement within the European Union. http://www.ecsda.com/
Organization responsible for the clearing and settlement of the Athens Stock Exchange transactions and administration of the Dematerialized Securities System (DSS). http://www.hcsd.gr/
Provides the settlement and custody of securities from Switzerland and the world. Swiss central securities depository and global custodian. http://www.sec.sisclear.com/
Provides clearance, settlement and information services for virtually all equity, corporate debt, municipal debt, government securities, mortgage-backed securities, and emerging market sovereign debt trades in the U.S. http://www.dtcc.com/
FICC was formed by the merger of the Government Securities Clearing Corporation and the MBS Clearing Corporation, and is a subsidiary of the Depository Trust and Clearing Corporation. Site has press notices and clearing statistics. http://www.ficc.com/
Formed by a merger of The London Clearing House Limited and Clearnet, LCH.Clearnet clears swaps, equity settlement, energy, bonds and repo, and futures. http://www.lchclearnet.com/