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B RY

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B RY

Re: B RY post# 69743

Monday, 01/01/2024 11:31:36 PM

Monday, January 01, 2024 11:31:36 PM

Post# of 71202
This may help more. "On the other hand, the National Securities Clearing Corporation (NSCC) was founded in 1976 to offer centralized clearing, information, settlement services, and risk management in the securities industry. The corporation further offers multilateral netting to enable brokers to offset purchasing and selling positions into a single unit payment obligation to minimize their capital requirements and exposure to risks."
https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/depository-trust-and-clearing-corporation-dtcc/

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