The goal was to set up a clearinghouse as well as an electronic trading system that would display prices for credit default swaps.

其目的是建立一个清算所同时是一个电子交易系统，可以显示信贷违约互换产品的价格。

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Bitcoin was developed as a secure and low-cost alternative to conventional electronic payment methods, such as credit CARDS and automated clearinghouse payments.

比特币是传统电子支付方式的一种安全且低成本的替代方案，如信用卡和自动清算支付。

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The committee noted approvingly that the Federal Reserve Bank of New York has been pushing industry players to create a central clearinghouse for credit default swaps and other derivatives.

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The Obama administration has proposed a central clearinghouse to make trading in credit default swaps, currently privately negotiated, more transparent.

FORBES: Magazine Article

If there is a central clearinghouse, the marketplace would be aware every moment in time which player had a debit or credit balance.

FORBES: Briefing Book: A. Michael Lipper