The Clearing Corporation


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The Clearing Corporation

Also called CCorp. The oldest company in the United States to provide clearing and settlement services for futures and derivatives. It operated both on exchanges and over-the-counter. It was established in 1925 as the Board of Trade Clearing Corporation. The Intercontinental Exchange purchased it in 2009. It should not be confused with a clearing corporation, which is a generic term.
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The regulator will seek technical assistance from Asian Development Bank (ADB) for introducing the Clearing Corporation.
a leading operator of global regulated futures exchanges and over-the-counter (OTC) markets, and The Clearing Corporation (TCC), today announced new agreements intended to advance their previously announced joint global clearing solution for Credit Default Swaps (CDS).
CONTACT: Andy Merrill or Tripp Kyle, both of Finsbury Group, for The Clearing Corporation, +1-212-303-7600, ccorp@finsbury.
The Clearing Corporation is a private Delaware corporation, based in Chicago, which serves major dealers and participants in the worldwide marketplace for derivative products, many of who are stockholders.
Through our joint effort with The Clearing Corporation, we are providing the market with a risk management tool that closely matches actual underlying contract exposure to broadly recognized and utilized OPIS price references, while helping companies to mitigate and optimize their credit risk.
The Clearing Corporation provides clearing services for global exchanges and over-the-counter (OTC) traded derivatives.
Brian Price, founder and Executive Director of FEX, said FEX chose The Clearing Corporation as its strategic partner because of its independence and global expertise in derivatives clearing.
The advantages to existing or new OTC marketplaces that choose to host their markets on the Opt4 platform and use services of The Clearing Corporation include:
These features will allow clearing member trades, and their customers' trades, to be passed through and cleared by the Clearing Corporation.
The Clearing Corporation is owned by its clearing member shareholders and is the only independent derivatives clearing house in the world.
Richard Jaycobs, CEO of The Clearing Corporation, said: "HedgeStreet's class of financial instruments has enormous potential, and CCorp is proud to take the lead in clearing these contracts.
Both the cash and futures leg of a basis trade will be automatically priced and transmitted to the Clearing Corporation for Options and Securities (CCOS), a wholly-owned subsidiary of the Board of Trade Clearing Corporation (BOTCC).