通过票据交换所和结算所让金融衍生工具合约更加透明。
Many derivatives contracts will be brought into the light by being put through clearing houses and exchanges.
但是，银行支付系统与票据交换所之间的沟通渠道仍然不畅。
But the plumbing between bank payment systems and clearing houses remains fragmented.
我们通过票据交换所来平衡这些银行之间的债务。
We balance these interbank obligations through the clearing house.
然后，票据交换所把这些实际的支票交给每个标据付款行。
然后，票据交换所把这些实际的支票交给每个标据付款行。 。
票据交换所把这些支票寄给联邦储蓄银行的托收和票据交换业务部门。
The clearing house sends those checks to the Federal Reserve Bank's collection and clearing service.
所以，在每次交换时，票据交换所资金平衡表两边的总金额总是相等的。
Therefore, at every time of clearing, the total amounts on both sides of the clearing house's balance sheet are always equal.
因此，在地方和联邦票据交换所之间，国内任何银行开出的支票都能很容易地得到处理。
So between the local and Federal Reserve clearing houses, checks drawn on any bank in the country can be easily processed.
职员：票据交换所把这些支票寄给联邦储蓄银行的托收和票据交换业务部门。
Thee clearing house sends those checks to the Federal Reserve Bank's collection and clearing service .
Andrew给出了一个票据交换所的例子，他们将对问题的描述发到了网上以寻求答案。
Andrew gives an example of a clearinghouse for scientific problems and problem solvers, which posted descriptions of problems over the Web.
比尔·霍布森正向他的银行从业者打听有关他们城里的地方票据交换所的情况。
Bill Hobson is asking his banker about the local Clearing HouseAssociation in their city.
是以，在地方和联邦票据交换所之间，国内任何银行开出的支票都能很等闲地得处处置。
So between the local and Federal Reserve clearing houses, checks drawn on any bank in the country can be easily processed .
这个部门的业务与地方票据交换所的业务性质是一样的，但是它是与处地或外州的银行进行业务往来。
That operates just like a local clearing house ,but deals with out-of-town or out-of-state banks .
交易所将充当现有保险计划的票据交换所，个人通过它可以比较满足最低受益门槛计划的功能和价格。
The exchanges would serve as clearinghouses of available insuranceplans through which individuals could compare features and pricesof plans that meet a minimum benefit threshold.
这个部门的业务与地方票据交换所的业务性质是一样的，但是它是与处地或外州的银行进行业务往来。 。
That operates just like a local clearing house , but deals with out-of-town or out-of-state banks .
一个单独的DRM服务可以抽象出来处理所有权、密钥交换等等，并使得一个单独的DRM票据交换所可以通过内容服务实现。
A separate DRM service can be abstracted out to deal with ownership, key exchanges etc. and allow a separate DRM clearing house to be implemented from the content service.
其技术框架，即众所周知的单一欧元支付区(SEPA)正由银行和票据交换所开发，而法律框架也因另一项欧盟指令而开始构建。
The technical framework, known as the Single Euro Payments Area (SEPA), is being developed by Banks and clearing houses.The legal framework meanwhile is being built around another EU directive.
索罗斯在他的新书最后两章里提出了一些小建议，例如，建立一个有适当保证金要求的票据交换所，以此缓解订约方对金融衍生品市场的恐慌。
The last two chapters are peppered with smaller suggestions, such as the creation of a clearing house with proper margin requirements to ease counterparty fears in derivatives markets.
其技术框架，即众所周知的单一欧元支付区（SEPA）正由银行和票据交换所开发，而法律框架也因另一项欧盟指令而开始构建。
The technical framework, known as the Single Euro Payments Area (SEPA), is being developed by banks and clearing houses. The legal framework meanwhile is being built around another EU directive.
外联网拓扑的一个特殊例子是票据交换所(clearinghouse)，这在许多行业都比较常见，可以想到的几个有金融业、医疗保健和保险业。
A specialized case of the extranet topology is the clearing house, which is common in many industries; finance, healthcare, and insurance are a few that come to mind.
如果枫叶财团中标，TMX银行将属于一个团体的主要成员，这个团体控制超过80%的股票交易和一个票据交换所，这个票据交换所目前是非盈利性实体。
If the Maple bid succeeds, the Banks would be key members of a group controlling more than 80% of share-trading and a clearing house that until now was run as a not-for-profit utility.
上面讨论的票据交换所模型是一个 “轮毂辐条状（hub-and-spoke）”模式，其中，辐条是每个不同的B2B接口，目标是避免辐条之间相互通信。
The clearing house model discussed above is a hub-and-spoke pattern, where the spokes are each a different B2B interface and the goal is to keep the spokes from communicating with each other.
上面讨论的票据交换所模型是一个 “轮毂辐条状（hub-and-spoke）”模式，其中，辐条是每个不同的B2B接口，目标是避免辐条之间相互通信。
The clearing house model discussed above is a hub-and-spoke pattern, where the spokes are each a different B2B interface and the goal is to keep the spokes from communicating with each other.
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