BizTerm Definition
ISCC
Full Definition

An acronym for the International Securities Clearing Corporation. An organization of approximately 40 US brokerage houses. Together with Citibank the ISCC provides a standard international clearing system for transactions between 42 countries. There is one message format and a standard system interface for all global securities clearing, settlement and custody transactions. The ISCC is registered with the US SEC and is a wholly owned subsidiary of the NSCC.


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