Series 24: Reporting To The National Securities Clearing Corporation (NSCC)

Taken from our Series 24 Online Guide

Reporting to the National Securities Clearing Corporation (NSCC)

Once trades are locked in and cleared for ACT’s purposes, reports are sent to the NSCC for settlement. The NSCC nets the buy and sell activity in each traded security among all member firms on that particular day to arrive at one settlemen

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