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Edge Act corporation |
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Edge Act corporationCorporation chartered by the Federal Reserve to engage in international banking. The Board of Governors acts on applications to establish Edge Act corporations and also examines the corporations and their subsidiaries. Named after Senator Walter Edge of New Jersey, who sponsored the original legislation to permit formation of such organizations. See also: agreement corporation.Edge Act corporation Similar MatchesNational Securities Clearing Corporation (NSCC)National Securities Clearing Corporation (NSCC)A clearing corporation that facilitates the settlement of accounts among brokerage firms, exchanges, and other clearing corporations. Private Export Funding Corporation (PEFCO)Private Export Funding Corporation (PEFCO)Company that mobilizes private capital for financing the export of big-ticket items by US firms by purchasing at fixed interest rates the medium- to long-term debt obligations of importers of US products. Federal Agricultural Mortgage Corporation (Farmer Mac)Federal Agricultural Mortgage Corporation (Farmer Mac)A federal agency chartered in 1988 to provide a secondary market for farm mortgage loans. National Securities Clearing CorporationNational Securities Clearing CorporationIn the US, facilitates trade processing, clearance, delivery and settlement of equities, and corporate and municipal bonds. NSCC is owned equally by the New York and American Stock Exchanges and the National Association of Securities Dealers. Foreign corporationForeign corporationA corporation conducting business in another country from the one it is chartered in and that abides by the laws of another country. See: Alien corporation. Further SuggestionsFederal Deposit Insurance CorporationFederal Deposit Insurance Corporation (fdic) Multinational corporation Possessions corporation International Finance Corporation (IFC) Resolution Funding Corporation (RefCorp) Securities Industry Automation Corporation Edge corporations Federal Deposit Insurance Corporation (FDIC) Domestic corporation articles of incorporation Pension Benefit Guaranty Corporation (PBGC) Financing Corporation (FICO) Foreign Sales Corporation (FSC) Incorporation Quasi public corporation Foreign Sales Corporation Federal Home Loan Mortgage Corporation (FHLMC) Securities Investor Protection Corporation Articles of incorporation Instinet (Institutional Networks Corporation) Multinational corporation (MNC) Shell corporation Corporation closely held corporation |
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