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Zorluk: KolayDepositories, Clearing Corporations, and Settlement Entities

Which entity serves as the central counterparty for clearing corporate equity trades executed on U.S. stock exchanges, guaranteeing trade completion between buying and selling member firms?

  1. National Securities Clearing Corporation (NSCC)Cevap
  2. B
    Depository Trust Company (DTC)
  3. C
    Options Clearing Corporation (OCC)
  4. D
    Financial Industry Regulatory Authority (FINRA)

Cevap

National Securities Clearing Corporation (NSCC)
The National Securities Clearing Corporation (NSCC), a subsidiary of the Depository Trust & Clearing Corporation (DTCC), serves as the central counterparty for clearing corporate equity transactions, netting trades and guaranteeing completion between clearing members.

Adım Adım Çözüm

1
Identify the primary operational function requested
The scenario requires identifying the entity responsible for central counterparty trade clearance and guarantee for corporate stock trades.
Differentiating clearing responsibilities from custody and regulatory functions.
2
Match the entity to the clearing role
The National Securities Clearing Corporation (NSCC) clears exchange-traded equities and acts as the central counterparty for settlement.
NSCC guarantees trade completion and nets obligations between clearing members.

Anahtar Kavram

Clearing Corporations vs. Securities Depositories
Bu soruyu puanla

Konular

Depositories, Clearing Corporations, and Settlement Entities

Bu konudan daha fazla soru