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. Insider Trading

    The buying or selling of a security by someone who has access ...
  2. U.S. Treasury

    Created in 1798, the United States Department of the Treasury ...
  3. Treasury Bill - T-Bill

    A short-term debt obligation backed by the U.S. government with ...
  4. Treasury Bond - T-Bond

    A marketable, fixed-interest U.S. government debt security with ...
  5. Treasury Note

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

    The risk that one party will fail to deliver the terms of a contract ...
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. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  4. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  5. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center