Mortgage-Backed Securities Clearing Corporation (MBSCC)
Definition: [crh] "Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, riskDefinition: management and pool notification services to the mortgage-backed securities market. The organization is a registered Definition: ="/?rd=clearing+agency">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 Definition: (FHLMC) MBS programs.
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