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.
Thanks in part to the DTC, the NYSE now can handle billions of trades per day. As an automated system, the DTC lowers costs and improves accuracy. The Depository Trust Company is owned by the Depository Trust and Clearing Company, which manages risk in the financial system. Formerly an independent entity, the DTC was consolidated with several other securities clearing companies in 1999 and became a subsidiary of the DTCC.