NSCC meaning in Business ?

Answer:

What is National Securities Clearing Corporation mean?

The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It performs the exchange of securities on behalf of buyers and sellers and functions as a central securities depository by providing central custody of securities.

DTCC was established in 1999 as a holding company to combine The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC). User-owned and directed, it automates, centralizes, standardizes, and streamlines processes in the capital markets. Through its subsidiaries, DTCC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, government and mortgage-backed securities, money market instruments, and over-the-counter derivatives. It also manages transactions between mutual funds and insurance carriers and their respective investors.

In 2011, DTCC settled the vast majority of securities transactions in the United States and close to $1.7 quadrillion in value worldwide, making it by far the highest financial value processor in the world. DTCC operates facilities in the New York metropolitan area, and at multiple locations in and outside the United States.

reference

Full Form	Category
National Science Communication Congress	Academic & Science
Nova Scotia Community College	Academic & Science
North Seattle Community College	Academic & Science
North Star College Cup	Academic & Science
National Securities Clearing Corporation	Business
Nnational Securities Clearing Corporation	Business
National Specialist Contractors Council	Business
National School And Community Corps	Community
Naval Sea Cadet Corps	Community
National Sports Concussion Coalition	Community
North Shore Community College	Community
Northwest State Community College	Community
National Supercomputing Centre	Computing
National Street Car Challenge	General
National Saloon Car Championship	General
Nottingham Sports Car Club	General
National Sprint Car Championship	General
National Sports Car Challenge	General
National Sports Car Category	General
North Shore Corvette Club	General
Nanaimo Sports Car Club	General
Nissan Sports Car Club	General
North Star Camaro Club	General
Northern Sports Car Club	General
Navigation Based Smart Cruise Control	General
North Side Car Club	General
North Shore City Council	Governmental
NATO (North Atlantic Treaty Organization) SPECOPS (Special Operations) Coordination Center	Governmental
National Stem Cell Centre	Medical