MBSCC


Also found in: Acronyms.

MBSCC

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 that all of the correct parties are paid the correct amount. It was established in 1979.

MBSCC

References in periodicals archive ?
MBSCC went live with a modified version of GSCC's RTTM system for mortgage- backed securities in September, which has been functioning well since then.
In contrast to the services DTCC provides through its other clearing corporation subsidiaries, MBSCC historically has not been a central counterparty (CCP).
MBSCC has been working with customers since April to test their systems in conjunction with the RTTM service and also hosted RTTM training sessions for customers.
According to the MBSCC, for the calendar year-to-date 2001, CSC ranks fifth in trade count volume and tenth in dollar volume for mortgage-backed securities among MBSCC participants.