National Securities Clearing Corporation
E1030210
The National Securities Clearing Corporation is a major U.S. central counterparty and clearing agency that facilitates the post-trade processing, netting, and settlement of equity and other securities transactions.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
central counterparty
ⓘ
clearing agency ⓘ financial market infrastructure ⓘ subsidiary company ⓘ |
| abbreviation | NSCC NERFINISHED ⓘ |
| affiliation |
Depository Trust Company
NERFINISHED
ⓘ
Fixed Income Clearing Corporation NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| function |
centralized clearing of broker-to-broker trades
ⓘ
maintenance of margin and clearing fund requirements ⓘ management of counterparty credit risk in cleared markets ⓘ multilateral netting of securities and cash obligations ⓘ settlement coordination with depositories ⓘ trade capture and comparison ⓘ |
| hasRiskManagementFramework |
clearing fund
ⓘ
liquidity risk management ⓘ margin requirements ⓘ stress testing ⓘ |
| headquartersLocation |
New York
NERFINISHED
ⓘ
New York City ⓘ United States of America ⓘ
surface form:
United States
|
| industry |
financial services
ⓘ
post-trade services ⓘ securities clearing ⓘ |
| legalStatus |
registered clearing agency
ⓘ
systemically important financial market utility ⓘ |
| memberOf | Depository Trust & Clearing Corporation group NERFINISHED ⓘ |
| operatesInCurrency | U.S. dollar ⓘ |
| parentOrganization | Depository Trust & Clearing Corporation NERFINISHED ⓘ |
| regulator |
Securities and Exchange Commission
ⓘ
surface form:
U.S. Securities and Exchange Commission
|
| role |
central counterparty for U.S. securities markets
ⓘ
clearing agency for certain mutual fund transactions ⓘ clearing agency for corporate bond transactions ⓘ clearing agency for equity transactions ⓘ clearing agency for exchange-traded funds ⓘ clearing agency for municipal bond transactions ⓘ clearing agency for unit investment trusts ⓘ provider of guarantee of completion of eligible trades ⓘ provider of risk management services for cleared trades ⓘ provider of settlement services ⓘ provider of trade comparison services ⓘ provider of trade netting services ⓘ |
| scope |
U.S. corporate bond markets
ⓘ
U.S. equity markets ⓘ U.S. municipal securities markets ⓘ |
| serves |
banks
ⓘ
broker-dealers ⓘ other financial institutions ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.