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.
DTC (2) Depository Trust & Clearing Corporation. A clearing house that is the largest security depository and post-trade financial services company in the world. Based in New York, the DTCC settles the large majority of securities transactions in the United States, totaling $1.86 quadrillion in value in 2007.