Description
National Securities Clearing Corporation provides centralized clearance, settlement, and information services for broker-to-broker equity, bond, exchange-traded funds, and unit investment trust trades. It also provides centralized information services and money settlement for mutual funds, and insurance and annuity transactions, linking funds and insurance carriers with broker/dealer, bank, and financial planner distribution channels. The company offers clearance services, including automated customer account transfer services, cost basis reporting services, net settlement system, correspondent clearing services, equity commission bill services, index share processing, reconfirmation and pricing services, and stock borrow program; settlement services, such as dividend settlement, envelope settlement, and funds only settlement services; distribution services, including processing of mutual fund transactions, insurance services, mutual fund services, commission settlement, defined contribution clearance and settlement, processing and settling of investment funds, mutual fund profile services, networking, and transfer of retirement assets services; and insurance services. Additionally, it offers risk management, central counterparty services, and a guarantee of completion for certain transactions. It serves brokers, dealers, banks, mutual funds, insurance carriers, and other organizations. The company was founded in 1976 and is based in New York, New York. National Securities Clearing Corporation operates as a subsidiary of The Depository Trust & Clearing Corporation.
Corporate Address
55 Water Street 22nd Floor New York, NY10041 United States of America
United States of America
212-855-5745
Tags:
Banking, Bank Securities, Banking and Investment Management Services, Equity and Investment Banking, Banking Insurance, Corporate and Investment Banking Services, Investment Banking and Financial Services Company