The National Securities Clearing Corporation (NSCC) is a key financial institution in the United States that provides clearing, settlement, and information services for securities transactions. It helps ensure that trades between buyers and sellers are completed smoothly and efficiently, reducing the risk of default and enhancing market stability. Founded in 1976, the NSCC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC). It plays a crucial role in the financial markets by acting as a central counterparty, which means it becomes the buyer to every seller and the seller to every buyer, facilitating the safe transfer of securities.