The National Securities Clearing Corp. has developed a new automated service for clearing brokers to establish, monitor and update their relationships with broker-dealers for qualified special representative (QSR) and correspondent clearing transactions.
The new service, called the Automated Special Representative Facility, ends the decades-old practice of clearing firms having to fill out and submit paperwork, known as 9A & 9B forms, to NSCC to establish their relationships.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access