The National Securities Clearing Corporation (NSCC) is a key organization in the financial markets of the United States. It acts as a central clearinghouse for securities transactions, ensuring that trades are settled efficiently and accurately. By managing the clearing and settlement process, the NSCC helps reduce the risk of default and enhances the overall stability of the financial system. Founded in 1976, the NSCC is a subsidiary of the Depository Trust & Clearing Corporation (DTCC). It serves various market participants, including broker-dealers and institutional investors, by providing services such as trade comparison, netting, and settlement. This streamlining of processes helps facilitate smoother trading operations in the securities market.