National Securities Clearing Corporation


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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 ?
Bodson will also serve as CEO of DTCC's principal operating subsidiaries: the National Securities Clearing Corporation (NSCC), The Depository Trust Company (DTC), and the Fixed Income Clearing Corporation (FICC).
BULLETIN BOARD: NPCT) , announced today that it has filed a complaint against The Depository Trust and Clearing Corporation (DTCC), The Depository Trust Company (DTC) and The National Securities Clearing Corporation (NSCC) in the Second Judicial District Court, County of Washoe, State of Nevada.
today announced that it has received clearing firm membership with National Securities Clearing Corporation (NSCC) and has been approved as a Participant in The Depository Trust Company.
DTCC, through its National Securities Clearing Corporation (NSCC) subsidiary, provides clearance and settlement services of virtually all trades done on the New York Stock Exchange, Nasdaq, the American Stock Exchange and for all regional exchanges and electronic communications networks (ECNs) in the United States.
NEW YORK -- The Depository Trust & Clearing Corporation announced today that its National Securities Clearing Corporation (NSCC) subsidiary will soon file a proposed rule change with the Securities and Exchange Commission (SEC) to amend its Alternative Investment Product (AIP) rules.
Levine, 46, is an eight-year veteran of DTCC and its subsidiary, National Securities Clearing Corporation (NSCC), and her promotion to CFO recognizes that she has been substantially performing the tasks of that post in her current position.
DTCC's mutual fund services are provided by its National Securities Clearing Corporation (NSCC) subsidiary.

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