Fixed Income Clearing Corporation


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Fixed Income Clearing Corporation

A company that matches, nets, and settles trades on fixed-income securities in the United States. Specifically, it provides clearance and settlement services on U.S. Treasury securities (as well as other government securities) and mortgage-backed securities. It was formed in 2003 with the merger of the Government Securities Clearing Corporation and the Mortgage-Backed Securities Clearing Corporation.
References in periodicals archive ?
In addition Gary Chan, DTCC Managing Director, Clearing Services, Fixed Income Clearing Corporation, added, "We anticipate firms will also look to adopt the index as a benchmark reference for interest rate swap instruments which will provide another tool for traders to hedge their short-term interest rate exposure.
The announcement, made by John Fitzgerald, managing director of Fixed Income Clearing Corporation (FICC), was delivered at The Bond Market Association's (TBMA) 11th Annual Fixed-Income Securities Operations Conference, being held in Orlando, Florida.
NYPC will clear interest rate products and will support the cross-margining of fixed income cash products from The Depository Trust & Clearing Corporation's Fixed Income Clearing Corporation with their related, offsetting derivatives trades in a "single pot".
Treasury and agency securities and repurchase agreements cleared by The Depository Trust & Clearing Corporation's Fixed Income Clearing Corporation with their related, offsetting derivatives trades in a "single pot".
NEW YORK -- NEW YORK, May 28 /PRNewswire/ -- A new model for the net settlement of institutional trades could usher in an era of straight-through processing (STP) for the bond markets, based on a white paper issued this week by the Fixed Income Clearing Corporation (FICC), a subsidiary of The Depository Trust & Clearing Corporation.
NYPC will clear interest rate products and will support the cross-margining of fixed income cash products from Depository Trust & Clearing Corporation's Fixed Income Clearing Corporation with their related, offsetting derivatives trades in a "single pot".
19 /PRNewswire/ -- The SEC has approved the establishment of a new company, to be named the Fixed Income Clearing Corporation, which will officially begin operations on January 1, 2003.
NEW YORK -- The Depository Trust & Clearing Corporation (DTCC) announced today that the Securities and Exchange Commission (SEC) has approved the transformational "one-pot" cross-margining arrangement between fixed income positions cleared by DTCC's Fixed Income Clearing Corporation (FICC) subsidiary, including U.
DTCC's Fixed Income Clearing Corporation introduced GCF Repo[R] processing more than a decade ago so that dealers can trade general collateral repos--based on rate, term, and the underlying product--throughout the day without requiring intra-day, trade-for-trade settlement.
DTCC's Fixed Income Clearing Corporation introduced GCF repo processing more than a decade ago so that dealers can trade general collateral repos--based on rate, term, and the underlying product--throughout the day without requiring intra-day, trade-for-trade settlement.
regulated subsidiaries, The Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC) and the Fixed Income Clearing Corporation (FICC).
NYPC will clear interest rate products and will support the cross-margining of fixed income cash products from DTCC's Fixed Income Clearing Corporation with their related, offsetting derivatives trades in a "single pot.