What is National Securities Clearing Corporation (NSCC)?

The National Securities Clearing Corporation (NSCC) was established in 1976 as a registered clearing corporation regulated by the U.S. Securities and Exchange Commission (SEC). The NSCC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC), which provides clearing, settlement, and risk management for the U.S. financial industry. The NSCC also provides multilateral netting so that registered brokers can offset buy and sell positions into a single payment obligation to reduce their exposure and financial capital requirements.