Emerging Markets Clearing Corporation

Also found in: Acronyms.

Emerging Market Clearing Corporation

A clearing corporation that performs clearing services for bonds and other debt securities issued in developing countries. Established in 1998 with expanded clearing services becoming operational in 2002, it is associated with the Depository Trust & Clearing Corporation.

Emerging Markets Clearing Corporation (EMCC)

An industry-owned company that assists in the clearance and netting of emerging market debt products. Founded in 1998, EMCC reduces dealer risk by becoming a counter party to trades in emerging market debt.
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