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 ?
The Exchange-America software leads insurance representatives through a series of choices, checks that applications are complete and then forwards the information to a variety of interfaces, including the National Securities Clearing Corp.
2nd VP Louis Scotto, Mabon Securities; Treasurer Allen Miller, Bankers Trust; Secretary Walter Munsch, National Securities Clearing Corp.
Callaghan served on the board of Directors for National Securities Clearing Corp.
He also served on the board of the National Securities Clearing Corp.
Steffens also serves as: national chairman of the Alliance for Aging Research; national finance chairman of the United States Olympics Committee; trustee for the Committee for Economic Development; and member of the National Securities Clearing Corp.
Muni also served in the accounting and internal audit departments of the National Securities Clearing Corp.
Preferred is a member of the New York Stock Exchange, and other principal exchanges, Securities Investor Protection Corporation, National Futures Association, National Securities Clearing Corp.
Although naked short selling is illegal in the United States, the three-day settlement system run by the National Securities Clearing Corp.
A self-clearing broker/dealer, Fleet Brokerage Services holds memberships on the New York Stock Exchange, Midwest Stock Exchange, National Association Securities Dealers, SIPC, Depository Trust Company, National Securities Clearing Corp.
DTCC), the holding company for DTC and National Securities Clearing Corp.
BSSC clears trades in over 70 countries and accounts daily for more than 10% of the New York Stock Exchange volume cleared through the National Securities Clearing Corp.
12, a cross-industry Electronic Data Interchange (EDI) standard; EDIFACT, a United Nations EDI standard for multinational e-commerce; and National Securities Clearing Corp (NSCC) EDI standards later this year.

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