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Clearing corporations |
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Clearing corporations Organizations that are affiliated with exchanges and are used to complete securities transactions by taking care of validation, delivery, and settlement. |
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Since 1999, Don has played a major leadership role in helping us seamlessly integrate and streamline the various clearing corporations and depository functions under the DTCC organizational umbrella, without any disruption in service to our customers," said Considine. Lastly, DTCC completed multi-year initiatives in 2005 that previously required significant investment, including expenses for business continuity purposes such as the establishment of the Southern Business Center in Tampa and the insourcing of certain data processing functions for the clearing corporations," said Considine. SIAC operates clearance and settlement systems on behalf of the Clearing Corporations. |
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Clearing corporations
