Depository Trust & Clearing Corporation
 

About DTCC

National Securities Clearing Corporation (NSCC)

For more than 30 years, DTCC's family of companies has helped automate, centralize, standardize and streamline processes that are critical to the safety and soundness of the capital markets.

DTCC's subsidiary, National Securities Clearing Corporation (NSCC), established in 1976, provides clearing, settlement, risk management, central counterparty services and a guarantee of completion for certain transactions for virtually all broker-to-broker trades involving equities, corporate and municipal debt, American depositary receipts, exchange-traded funds, and
unit investment trusts.

NSCC also nets trades and payments among its participants, reducing the value of securities and payments that need to be exchanged by an average of 98% each day. NSCC generally clears and settles trades on a T+3 basis.

Services available include:

  • Automated Customer Account Transfer Service (ACATS)
  • Continuous Net Settlement (CNS)
  • Index Share Processing
  • Trade Comparison and Reporting
  • Real-Time Trade Matching (for fixed income securities)
  • Reconfirmation and Pricing Service
  • Settlement Services
  • Stock Borrow Program

NSCC is regulated by the U.S. Securities and Exchange Commission (SEC).

The U.S. Model for Clearing and Settlement

DTCC ensures the capacity, certainty and reliability required to clear and settle today's enormous trading volumes.

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DTCC's Transaction Statistics

In today's U.S. capital markets, billions of shares of securities change hands every day. Last year, DTCC settled more than $1.5 quadrillion in securities transactions.

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