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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 MatchesEleemosynary CorporationEleemosynary CorporationA corporation created for charitable purposes. There are tax advantages accorded to such corporations. The corporation may operate the same as a profit making corporation. Commonly called a nonprofit corporation. IncorporationIncorporationA legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation. CorporationCorporationA legal entity that is separate and distinct from its owners. A corporation is allowed to own assets, incur liabilities, and sell securities, among other things. Domestic International Sales CorporationDomestic International Sales CorporationA type of U.S. corporation, authorized in 1971, with income primarily from exports. Usually wholly owned U.S. subsidiaries, DISCs had special treatment in borowing or taxation. A 1976 GATT case found against the U.S., which reached a compromise settlement with the EC in 1981. DISC was replaced in 1984 by foreign sales corporations. Federal Deposit Insurance Corporation (fdic)Federal Deposit Insurance Corporation (fdic)The federal corporation which insures against loss of deposits in banks, up to a maximum amount. Further SuggestionsNational Association of Investors CorporationClearing corporations National Securities Clearing Corporation (NSCC) Multinational corporation (MNC) Commodity Credit Corporation Foreign Sales Corporation Edge Act corporation Federal Agricultural Mortgage Corporation (Farmer Mac) Pension Benefit Guaranty Corporation (PBGC) Foreign Sales Corporation (FSC) Federal Deposit Insurance Corporation Federal Home Loan Mortgage Corporation (FHLMC) Financing Corporation (FICO) Alien corporation Edge corporations Domestic corporation Resolution Trust Corporation (RTC) corporation tax articles of incorporation Options Clearing Corporation Affiliated corporation advance corporation tax Resolution Funding Corporation (RefCorp) Options Clearing Corporation (OCC) Articles of incorporation |
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