National Securities Clearing Corporation (NSCC) is a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC), is a central counterparty that provides centralized clearance, settlement and information services for virtually all broker-to-broker equity, corporate bond and municipal bond, exchange-traded funds and unit investment trust (UIT) trades in the U.S. and is the leading provider of centralized post-trade comparison, trade guarantee, trade netting, settlement and information services for equities, bonds, Unit Investment Trusts, mutual fund and insurance transactions in the U.S. Last year NSCC processed more than 1.5 billion transactions valued at almost $70 trillion.