Login Regions DTCC Learning Client Center Search PRODUCTS & SERVICES NEWS & EVENTS ABOUT RESOURCES Home Clearing Services Equities Clearing - Trade Capture Correspondent Clearing Share CORRESPONDENT CLEARING Correspondent Clearing is a service that allows NSCC Members to move a position from an executing broker (or special representative) account to a different clearing broker (correspondent) account. ABOUT Correspondent Clearing allows an NSCC Member broker-dealer to use one broker-dealer for an execution and another for clearance and settlement. Transactions in all NSCC-eligible equities and corporate bonds can be transferred using this service. WHO CAN USE THE SERVICE The service is available to all full service NSCC Members that have completed the required 9A/9B authorizations, which are available through web-interface. BENEFITS The service provides a number of operational advantages: Allows NSCC Members to move a position from an executing broker's account to a different account for clearance and settlement. This service allows a broker-dealer to execute a trade through another broker-dealer and settle the trade in its own account. Makes output available in real-time through Universal Trade Capture (UTC) FIX messages or on an intra-day basis in the UTC machine readable output (MRO). HOW THE SERVICE WORKS Correspondents and the designated special representative must first establish a trading relationship through NSCC’s Trading Relationship Management system, to ensure that the correspondent broker has permitted the special representative to submit locked-in data on its behalf. Correspondents can then route trade orders to the designated special representatives to execute trades on their behalf. After the trades are executed, the special representatives submit offsetting trade information via Correspondent Clearing to NSCC, thus moving the position to the clearing broker's account. Both Special representatives and correspondents receive Correspondent Clearing transactions details through UTC output, which itemize the positions submitted into the correspondent clearing service. FOR MORE INFORMATION To request additional information, please click here. ESSENTIALS NSCC File Formats Guide to NSCC Fee Schedule LEGAL AND REGULATORY Important Notices Rules & Procedures SEC Rule Filings WHO TO CALL Client Support 1-888-382-2721 TRAINING & DOCUMENTATION Learning Center ADDITIONAL RESOURCES NEWS See the latest news updates about DTCC Correspondent Clearing Service for transferring transactions for all NSCC-eligible equities and corporate bonds. Learn more. READ MORE LEGAL Download legal information about the Correspondent Clearing Service including important notices, SEC rule filings, by-laws, rules and procedures at our online portal. READ MORE SUPPORT This section contains answers for all your questions regarding the Correspondent Clearing Service. Login here for support and learn more about DTCC's services. SUPPORT HELPING CLIENTS OPTIMIZE DTCC SERVICES EVERY DAY DTCC LEARNING DTCC Learning offers comprehensive, fast-track training for DTCC customers of financial services organizations who are looking to expand their expertise and abilities in using the post-trade processing products and services provided by DTCC’s subsidiaries. MY LEARNING (EQUITIES CLEARING) Products & Services Institutional Trade Processing Clearing Services Settlement & Asset Services Wealth Management Services Repository & Derivatives Services Data Services About Businesses & Subsidiaries Leadership Annual Reports Government Relations Compliance Careers Diversity & Inclusion Our Stories Contact Client Support Contacts United States 1-888-382-2721 International +1-212-855-8099 Login MyDTCC MyDTCC-EMEA MyDTCC-Asia API Marketplace DTCC Learning ServiceCentral DTCCData.com Regions - APAC Regions - Japan GMEI Utility Legal & Regulatory Important Notices SEC Rule Filings Rules & Procedures Issue Eligibility Policy & Compliance Modern Slavery Statement Financial Statements NOV 24 16183-21 Depositary Fees NotificationSecurity: BioNTechCUSIP: 09075V102Bank of New York Mellon DerivSERV ▾ Terms & Conditions Privacy Policy Cookie Preferences Copyright 2021 DTCC All Rights Reserved Cookie Center By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to personalize your experience, enhance site navigation, analyze site usage, and assist in our efforts to improve your overall experience. Privacy Policy Accept All Cookies Cookie Preferences