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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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.
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