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 has organized block-improvement parties, helped close a crack house, and spearheaded a drive to collect winter coats for the poor.
Clearly, the industry has given up float incrementally since the inception of the MBSCC.