... those of the partnering clearing houses. Nonetheless, these dynamics ultimately shaped the benefitsand drawbacks of the clearing link; they thus play a crucial role for the analysis of the network ... accountsand adequate back -of ce installations.488.1 .2. 1 .2 The Clearing CorporationIn 1 925 , The Clearing Corporation (CCorp), then named The Board of Trade Clearing Corporation (BOTCC), was founded ... only allowed to clear their own transactions, Clearing Members can clear their own transactions, their clients’ tr ansactions and those of affiliated exchange participants that do not have a clearing...