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 ?
Published in Analytic Reporting for Annuities, an online information service of National Securities Clearing Corp., a DTCC subsidiary, the report leverages data from the transactions that DTCC processes for the industry.
Also listed by the Treasury were the Options Clearing Corp.; CLS Bank International; the Depository Trust Co.; Fixed Income Clearing Corp.; and National Securities Clearing Corp.
Specifically, the downside rating risks loom over the Fixed Income Clearing Corp, National Securities Clearing Corp, Options Clearing Corp and the Depository Trust Company, reflecting concerns that an action on the sovereign may increase volatility in securities prices in the US.
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.'s insurance processing service.

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