National Securities Clearing Corporation


Also found in: Dictionary, Medical, Acronyms.

National Securities Clearing Corporation (NSCC)

A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations.

National Securities Clearing Corporation

A subsidiary of the Depository Trust and Clearing Corporation. The NSCC is a clearing house that provides settlement services for securities traded on the American Stock Exchange and the New York Stock Exchange. It also provides services for FINRA. It operates settlement according to continuous net settlement practices.

National Securities Clearing Corporation (NSCC)

A jointly owned firm of the New York Stock Exchange, the American Stock Exchange, and the National Association of Securities Dealers that settles accounts among brokerage firms. NSCC nets trades among the firms and directs payments and security transfers appropriate to each participant. See also continuous net settlement.
References in periodicals archive ?
Insurance & Retirement Services are provided by DTCC's National Securities Clearing Corporation (NSCC) subsidiary.
The vendors are not required to become members of DTCC's subsidiary, the National Securities Clearing Corporation (NSCC).
He was named Chief Executive Officer of DTCC and its three operating subsidiaries, The Depository Trust Company, Fixed Income Clearing Corporation and National Securities Clearing Corporation, in 2006.
In her new position, Walia will lead a team charged with assessing risk management across its National Securities Clearing Corporation (NSCC), Depository Trust Company (DTC) and EuroCCP subsidiaries and will provide oversight of current and potential risks that impact the company.

Full browser ?