Government Securities Clearing Corporation - GSCC

AAA

DEFINITION of 'Government Securities Clearing Corporation - GSCC'

A division of the U.S. Fixed Income Clearing Corporation (FICC). The GSCC was first established in 1986 to provide clearing and settlement of U.S. government securities. The GSCC handles both new issues and reselling of government securities.

INVESTOPEDIA EXPLAINS 'Government Securities Clearing Corporation - GSCC'

The GSCC compares transactions and acts as the counterparty for settlement purposes for each net position. This is an important role, as it maintains the liquidity and integrity of the market for U.S. government securities.

RELATED TERMS
  1. Treasury Note

    A marketable U.S. government debt security with a fixed interest ...
  2. Settlement Risk

    The risk that one party will fail to deliver the terms of a contract ...
  3. Fixed Income Clearing Corporation ...

    An agency that deals with the confirmation, settlement and delivery ...
  4. Failure To Deliver

    An outcome in a transaction where one of the counterparties in ...
  5. Clearing House

    An agency or separate corporation of a futures exchange responsible ...
  6. Financial Intermediary

    An entity that acts as the middleman between two parties in a ...
Related Articles
  1. A Look At National Debt And Government ...
    Bonds & Fixed Income

    A Look At National Debt And Government ...

  2. The 4 Ways To Buy And Sell Securities
    Options & Futures

    The 4 Ways To Buy And Sell Securities

  3. Agency Bonds: Limited Risk And Higher ...
    Taxes

    Agency Bonds: Limited Risk And Higher ...

  4. What is the haircut rate imposed by ...
    Trading Strategies

    What is the haircut rate imposed by ...

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center