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.
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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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.