National Securities Clearing Corporation (NSCC)
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National Securities Clearing
Corporation (NSCC), 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.
NSCC is also the main provider
of centralized information services and money settlement for mutual
funds and insurance and annuity transactions, linking funds and insurance
carriers with their broker/dealer, bank and financial planner distribution
channels.