New York-based Securities Settlement Corp. will provide...

New York-based Securities Settlement Corp. will provide execution and clearing services for San Diego-based First Affiliated Securities as part of a long-term agreement announced Monday. SSC is a unit of First Options of Chicago, a wholly owned subsidiary of Continental Bank.

SSC also will provide FAS with private-label money market funds, distributed printing and processing, asset management accounts, and $10 million in additional Securities Investor Protection Corp. coverage for customer accounts.

SSC provides similar services for 175 brokerage firms, financial planning consultants, banks and other financial service companies.