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ALTERNATIVE INVESTMENT PRODUCT (AIP) MEMBER S AGREEMENT The Depository Trust & Clearing Corporation Subsidiary: National Securities Clearing Corporation AIP Member s Agreement Page 1 of 4 NATIONAL
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Who needs national securities clearing corporation:

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Individuals or entities involved in securities trading.
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The National Securities Clearing Corporation (NSCC) is a subsidiary of the Depository Trust & Clearing Corporation (DTCC) that provides clearing, settlement, risk management, and central counterparty services for a wide range of financial instruments.
Members of NSCC, including broker-dealers, mutual funds, institutional investors, and clearing firms, are required to file with the NSCC.
To fill out the NSCC filing, members must follow the guidelines and instructions provided by the NSCC and submit the required information accurately and on time.
The purpose of NSCC is to facilitate the clearing and settlement of securities transactions, mitigate counterparty risk, and provide operational efficiencies for the financial industry.
Members must report details of their securities transactions, positions, collateral, and other relevant information to the NSCC.
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