MBSCC

MBSCC
"Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the mortgage-backed securities market. The organization is a registered clearing agency with the Securities and Exchange Commission and majority-owned by its members — MBS dealers, inter-dealer brokers and other non-broker/dealers. MBSCC provides its specialized services to major market participants active in various Government National Mortgage Association ( GNMA), Fannie Mae ( FNMA) and Federal Home Loan Mortgage Corporation ( FHLMC) MBS programs. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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Look at other dictionaries:

  • Mortgage-Backed Securities Clearing Corporation — A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency guaranteed MBSs transacted for forward delivery. The New York Times Financial Glossary ( MBSCC) Founded… …   Financial and business terms

  • MBS Depository — A book entry depository for GNMA securities. The depository was initially operated by MBSCC and is currently in the process of becoming a separately incorporated, participant owned, limited purpose trust company organized under the State of New… …   Financial and business terms

  • MBS depository — A book entry depository for GNMA securities. The depository was initially operated by MBSCC and is now a separately incorporated, participant owned, limited purpose trust company organized under the State of New York Banking Law. Bloomberg… …   Financial and business terms

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