MBS Clearing Corporation

MBS Clearing Corporation (MBSCC)

A registered clearing agency with the SEC that provides automated post-trade comparison, netting, risk management, and pool notification services for the mortgage-backed securities market. MBSCC provides services to firms engaged in programs involving Ginnie Mae, Freddie Mac, and Fannie Mae.

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MBS Clearing Corporation

A clearing corporation for transactions involving mortgage-backed securities. That is, it settles MBS transactions and ensures that the appropriate securities change hands and all the correct parties are paid the correct amount. It was established in 1979.