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Reducing transfers of funds between subsidiaries or separate companies to a net amount.


Netting is a process the National Securities Clearing Corporation (NSCC) uses to streamline securities transactions.

To net, the NSCC compares all the buy and sell orders for each individual security and matches purchases by clients of one brokerage firm with corresponding sales by other clients of the firm.

Those orders can be finalized internally by adjusting the firm's books to reflect changes in ownership.

The small percentage of trades that aren't netted require firms with net short positions, whose clients sold more than they purchased, to deliver the required securities to the NSCC, or more precisely have them debited from their Depository Trust Corporation (DTC) custodial account for delivery to the NSCC.

The NSCC credits those shares to the firms with a net long position, whose clients purchased more shares than they sold.

In the final step, the DTC nets the total costs of buying and selling throughout the trading day to limit the amount of money that must be exchanged among firms. Firms with a net debit wire payment to the DTC, and firms with a net credit receive funds.


References in periodicals archive ?
In 2014, approximately one third of people at risk of malaria in sub-Saharan Africa lived in households that lacked protection from mosquito nets or indoor residual spraying.
Today, pyrethroid-treated mosquito nets are used extensively in malaria-endemic countries in Africa, yielding life-saving returns for little cost.
She addressed viewers of the BBC's charity night spectacular to encourage them to donate money to help fight the disease, paying for medical supplies and mosquito nets.
A Buddhist monk meditating inside a mosquito net near the holy Mahabodhi Temple in Bodh Gaya, Bihar.
Before leaving Haiti, our team gave Minoushka a mosquito net and educated her on its proper use, empowering her to take charge of her own health and safety.
The ad's message "we need nets" highlights the need for mosquito nets - a simple, cheap measure to prevent the spread of the illness in the developing world.
Synopsis: Gallup Polls conducted in 23 sub-Saharan African countries reveal the increasing presence of mosquito nets and use of antimalarial drugs.
Long-term field performance of a polyester-based long-lasting insecticidal mosquito net in rural Uganda.
Tokyo, Japan, Sept 8, 2005 - (JCNN) - Sumitomo Chemical announced on September 7 that it has decided to increase the production capacity of Olyset Net, its proprietary mosquito net for preventing Malaria, in Tanzania.
This initiative, supported by WHO, UNICEF, Exxon Mobil, Population Services International (PSI), mosquito net manufacturers and a number of local partners, complements AMD activities being organized by ministries of health and supported by PSI country programs across the continent.
A mosquito net will set you back a fiver, a goat pounds 13.