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Settlement Services
The following are service
offerings of National Securities Clearing Corporation, the nation’s
leading provider of centralized clearance, settlement and information
services to more than 2,500 brokers, dealers, banks, mutual funds,
insurance carriers and other organizations. NSCC develops standardized,
automated solutions that promote connectivity, efficiency and lower
risk in the financial services marketplace. NSCC is a subsidiary
of The Depository Trust & Clearing Corporation (DTCC).
Please Note: The following links will route you to the pages on www.dtcc.com containing up-to-date descriptions of these NSCC Products and Services.
- Dividend Settlement Service (DSS)
- Dividend Settlement Service (DSS) is a centralized claims-processing
system that manages the collection of dividends and interest owed
to participants by other financial institutions.
- Envelope Settlement Service (ESS)
- Envelope Settlement Service (ESS) standardizes and controls
participant-to-participant physical delivery of securities in
the New York metropolitan area. Inter-city Envelope Settlement
Service (IESS) standardizes and controls participant-to-participant
physical delivery of securities between N.Y. and Toronto.
- Funds Only Settlement Service (FOSS)
- Funds Only Settlement Service (FOSS) centralizes the routing
of envelopes that contain money-only charges to full-service participants
located in the New York metropolitan area.
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