With DD the hospital clamped and cut right away (against my wishes) because they were concerned about her, which turned out to be nothing.
With DS my midwife actually clamped and cut just a few minutes after birth. The cord had stopped pulsing already. It was short, and I was having trouble holding DS above the water (waterbirth), so she went ahead and cut it. I birthed the placenta soon after.
Wife to my supportive DH
and SAHM to DD Bug (06/10) and DS Buddy (07/12)