National Securities Clearing Corporation

 

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National Securities Clearing Corporation

In 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.



Similar Matches

Resolution Funding Corporation (RefCorp)

Resolution Funding Corporation (RefCorp)

A government agency established by Congress in 1989 to issue bailout bonds and raise funds for the activities of the Resolution Trust Corporation, as well as to administer struggling institutions inherited from the disbanded Federal Savings and Loan Corporation.


Edge corporations

Edge corporations

Specialized 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.


Edge Act corporation

Edge Act corporation

Corporation 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.


Federal Home Loan Mortgage Corporation (FHLMC)

Federal Home Loan Mortgage Corporation (FHLMC)

See: Freddie Mac


Resolution Trust Corporation (RTC)

Resolution Trust Corporation (RTC)

A government agency established in 1989 and disbanded in 1996 that administered federal savings and loan institutions that were insolvent between 1989 and August 1992 by either bailing them out or merging them.


Further Suggestions

Alien corporation
Foreign Sales Corporation
International Finance Corporation (IFC)
Mortgage Backed Securities Clearing Corporation (MBSCC)
Security Industry Automated Corporation (SIAC)
Commodity Credit Corporation
Section 352 of the Income and Corporation Taxes Act 1988
Foreign Sales Corporation (FSC)
Clearing corporations
Shell corporation
S Corporation
Incorporation
Closed corporation
Federal Deposit Insurance Corporation (FDIC)
closely held corporation
Quasi public corporation
Affiliated corporation
Articles of incorporation
Federal Agricultural Mortgage Corporation (Farmer Mac)
Options Clearing Corporation
Domestic International Sales Corporation
Freddie Mac (Federal Home Loan Mortgage Corporation)
Multinational corporation (MNC)
Securities Investor Protection Corporation
Corporation


 
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