Series 7: 17.5.3.2 Reporting To The National Securities Clearing Corporation

Taken from our Series 7 Top-off Online Guide

17.5.3.2 Reporting to the National Securities Clearing Corporation

Once trades are locked in and cleared, the reporting facility sends the locked in trades to the National Securities Clearing Corporation (NSCC) for settlement. The NSCC nets the buy and sell activity in each traded security among all member firms on that particula

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