Equities Clearing Services

Home / Clearing Services / Equities Clearing Services Print
DTCC's National Securities Clearing Corporation (NSCC) clears and settles virtually all broker-to-broker equity, corporate and municipal bond and unit investment trust (UIT) transactions in the U.S. markets, advancing new initiatives and driving development of products and services that mitigate risk, reduce costs and enhance processing efficiencies for market participants.

Products and Services

ACATS

 

The Automated Customer Account Transfer Service (ACATS) is NSCC’s central processing system for the transfer of customer account assets.

Learn More

CNS

 

The Continuous Net Settlement (CNS) System is NSCC’s core netting, allotting and fail-control engine.

Learn More

CBRS

 

The Cost Basis Reporting Service (CBRS) helps financial firms and other market participants report cost basis information to investors and the federal government.

Learn More

ESS

 

Envelope Settlement Service (ESS/IESS) standardizes and controls physical delivery of securities.

Learn More

The Fully-Paid-for-Account

 

The Fully-Paid-for-Account is a special sub-account within NSCC’s CNS System that permits Members to use customer fully-paid-for positions to satisfy institutional deliveries in DTC.

Learn More

Obligation Warehouse

 

Obligation Warehouse (OW) is a non-guaranteed, automated service that facilitates matching broker-to-broker ex-clearing trades and provides the ability to track, manage and resolve failed obligations in real-time.

Learn More
dtccdotcom