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Equities Clearing Services

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.
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 & Services

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

Read More about ACATS

The Bulk Transfer Initiative streamlines the mass transfer of large quantities of customer accounts and assets from a distressed broker to a more stable broker.

Read More about Bulk Transfer Initiative

The CNS® System is NSCC’s core netting, allotting and fail-control engine.

Read More about CNS®

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

Read More about Cost Basis Reporting Service (CBRS)

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

Read More about ESS

The Securities Financing Transaction (SFT) Clearing Service are any transactions where securities are used to borrow cash or vice versa.

Read More about SFT Clearing

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.

Read More about The Fully-Paid-for-Account

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.

Read More about Obligation Warehouse

Additional Resources

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