• The National Securities Clearing Corporation (NSCC), founded in 1976, is a subsidiary of the Depository Trust & Clearing Corporation (DTCC).
  • NSCC acts as a seller to every buyer and buyer to every seller in the financial industry for transactions settled in US markets.
  • The organization provides settlement services to the financial industry, as well as risk management, information and centralized clearing.
  • NSCC offers multi-party netting, allowing brokers to count buy and sell positions as one payment obligation.