National
Securities Clearing Corporation (NSCC)
is a wholly owned subsidiary of
The Depository
Trust & Clearing Corporation (DTCC), is a central counterparty that
provides centralized clearance, settlement and information services for
virtually all broker-to-broker equity, corporate bond and municipal bond,
exchange-traded funds and unit investment trust (UIT) trades in the U.S. and is the leading provider of
centralized post-trade comparison, trade guarantee, trade netting, settlement
and information services for equities, bonds, Unit Investment Trusts, mutual
fund and insurance transactions in the U.S. Last year NSCC processed more
than 1.5 billion transactions
valued at almost $70 trillion.
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