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 (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.

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Clearance
Continuous net settlement

Depository Trust and Clearing Corporation
DTCC

Government Securities Clearing Corporation
Netting

NSCC

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