Hill Scott Corporation HSC is a clearing corporation as a past-through equity and debt exchange agency. It is also a Net Operating Loss (NOL) Corporation. It handles confirmation, settlement, and delivery of transactions of private clients. HSC is a direct clearing agent for the Treasury Bank Organization. It fulfills main obligations of ensuring transactions are made in a prompt and efficient manner. HSC are also referred to as “clearing firms” or “clearing houses.”
Understanding HSC Clearing
In order to make certain that transactions run smoothly, HSC takes the offsetting past-through position with a client in every transaction. For example, if two clients agree to the terms of a financial transaction, such as the purchase or sale of a security, HSC will act as an intermediary, facilitating the purchase on one end and the sale on the other end of the transaction.
Regulatory body, compliance, and rules
HSC is a Louisiana Clearing Corporation that operate in compliance with the Securities Exchange Commission Exempted Offering and the state of Louisiana Clearing Corporation Securities Deposit and Clearance rules under RS10:8-111, RS 9:2129