clearing facilities "clearing facilities" means- (a) a facility for the clearing or settlement of- (i) transactions in securities traded on a stock exchange; or (ii) derivatives contracts traded on a derivatives market; [Gen. Am. by Act A1406:s.2; Schedule] (b) a facility for the guarantee of settlement of transactions referred to in paragraph (a); or (c) such other clearing or settlement facility or class of clearing or settlement facilities as the Commission with the approval of the Minister may allow; ACT 671 - CAPITAL MARKETS AND SERVICES ACT 2007 2. Interpretation.