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emerging markets clearing corporation (emcc)

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Financial Dictionary

Emerging Markets Clearing Corporation (EMCC)

An industry-owned company that assists in the clearance and netting of emerging market debt products. Founded in 1998, EMCC reduces dealer risk by becoming a counter party to trades in emerging market debt.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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