The National Securities Clearing Corporation (NCSS) is one of the largest companies in the world providing settlement services in the financial market.
The main role of the NCSS is to act as an intermediary between brokers, exchanges and clearing companies when they make payments among themselves.
The corporation provides brokers and clearing companies with their own payment platforms. However, NCSS does not directly charge margin for its services. Instead, a dedicated fund has been created to which traders using NCSS platforms contribute a certain percentage of transactions. The amount of interest depends on the volume of transactions with securities. Today, more than 1,900 banks, dealers, brokers and mutual funds use the services of the clearing corporation.
What other sources of income does the National Securities Clearing Corporation have?
Let's list them:
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