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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 MatchesInstinet (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. Options Clearing Corporation (OCC)Options Clearing Corporation (OCC)Applies to derivative products. Financial institution that is the actual issuer and guarantor of all listed option contracts. Domestic International Sales Corporation (DISC)Domestic International Sales Corporation (DISC)A US corporation that receives a tax incentive for export activities. Domestic corporationDomestic corporationA corporation that is conducting business and is based in the country in which it is established, as opposed to a foreign corporation. Articles of incorporationArticles of incorporationLegal document establishing a corporation and its structure and purpose. Further SuggestionsClosed corporationcorporation tax Pension Benefit Guaranty Corporation Possessions corporation Affiliated corporation National Association of Investors Corporation Multinational corporation S Corporation Multinational corporation (MNC) Section 352 of the Income and Corporation Taxes Act 1988 National Securities Clearing Corporation Shell corporation Edge corporations Freddie Mac (Federal Home Loan Mortgage Corporation) Eleemosynary Corporation Incorporation Private Export Funding Corporation (PEFCO) Federal Deposit Insurance Corporation (FDIC) Foreign Sales Corporation (FSC) Pension Benefit Guaranty Corporation (PBGC) Security Industry Automated Corporation (SIAC) Foreign Sales Corporation Resolution Funding Corporation (RefCorp) Options Clearing Corporation National Securities Clearing Corporation (NSCC) |
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