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Mortgage Backed Securities Clearing Corporation (MBSCC) |
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Mortgage Backed Securities Clearing Corporation (MBSCC)"Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the mortgage-backed securities market. The organization is a registered clearing agency with the Securities and Exchange Commission and majority-owned by its members -- MBS dealers, inter-dealer brokers and other non-broker/dealers. MBSCC provides its specialized services to major market participants active in various Government National Mortgage Association (GNMA), Fannie Mae(FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) MBS programs.Mortgage Backed Securities Clearing Corporation (MBSCC) Similar MatchesNational 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. Instinet (Institutional Networks Corporation)Instinet (Institutional Networks Corporation)Computerized subscriber service that serves as a vehicle for the fourth market. "Instinet" is registered with the SEC As a stock exchange it numbers among its subscribers a large number of mutual funds and other institutional investors linked to each other by computer terminals. The system permits subscribers to display bids and offers (which are exposed system wide for whatever length of time the initiating party specifies) and to consummate trades electronically. Instinet is largely used by market makers, but, nonmarket makers and customers have equal access. Edge corporationsEdge corporationsSpecialized banking institutions, authorized and chartered by the Federal Reserve Board of Governors in the U.S., that are allowed to engage in transactions of a foreign or international character. They are not subject to restrictions on interstate banking. Foreign banks operating in the US are permitted to organize and own an edge corporation. Commodity Credit CorporationCommodity Credit CorporationA US government-owned corporation established in 1933 to support prices through purchases of excess crops, to control supply through acreage reduction programs, and to devise export programs. 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. Further Suggestionscorporation taxAlien corporation closely held corporation Federal Deposit Insurance Corporation International Finance Corporation (IFC) Financing Corporation (FICO) National Association of Investors Corporation Eleemosynary Corporation Federal Deposit Insurance Corporation (FDIC) Domestic corporation Incorporation Foreign Sales Corporation Securities Investor Protection Corporation Private Export Funding Corporation (PEFCO) articles of incorporation National Securities Clearing Corporation (NSCC) Security Industry Automated Corporation (SIAC) Section 352 of the Income and Corporation Taxes Act 1988 Domestic International Sales Corporation (DISC) Options Clearing Corporation Affiliated corporation Articles of incorporation Pension Benefit Guaranty Corporation Quasi public corporation Edge Act corporation |
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