Corned beef can also be made from the beef round primal cut. Both the round and the brisket are relatively tough cuts of meat that are best cooked by slow, moist-heat cooking. A good corned beef is quite tender with a delicious salty flavor.
DEFINITION of 'National Securities Clearing Corporation-NSCC'. A subsidiary of the Depository Trust & Clearing Corporation (DTCC) that provides centralized clearing, risk management, information and settlement services to the financial industry.efore its inception, huge demand of paper stock certificates were a reality for stock brokerages, causing the stock exchanges to close once a week. To overcome this problem, multilateral netting was proposed, leading to the formation of the NSCC.
The Depository Trust Company (DTC), a subsidiary of The Depository Trust & Clearing Corporation (DTCC), is a central securities depository and securities settlement system for eligible securities including equities, corporate bonds, and municipal bonds, as well as money market instruments such as commercial paper.inancial market utilities (FMUs) are multilateral systems that provide the infrastructure for transferring, clearing, and settling payments, securities, and other financial transactions among financial institutions or between financial institutions and the system.