- Language: English
- Published: December 2011
National Securities Clearing Corp. Dec 11
- ID: 2035205
- December 2011
- Standard & Poors
Provides a variety of services to nearly all U.S. broker-to-broker trades Strong financial safeguards and risk-management controls to protect against member default Mutuality of risk, which provides strong financial and business incentives for member support The strictly limited profit business model, which maintains NSCC's role as a utility, and the clearinghouse's importance to securities markets High degree of operating leverage Standard & Poor's Ratings Services' ratings on National Securities Clearing Corp. (NSCC) reflect the firm's near monopoly as a clearinghouse serving the principal securities markets in the U.S. NSCC's board of directors is populated by all major market participants, each of whom depends upon NSCC to clear financial securities market trades. In the absence of NSCC, U.S. markets would lose...
Companies mentioned in this report are: National Securities Clearing Corporation,The Depository Trust Company,Fixed Income Clearing Corp.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
National Securities Clearing Corporation,The Depository Trust Company,Fixed Income Clearing Corp.