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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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He previously spent 20 years at The Clearing Corporation, progressing from general counsel to president and CEO and member of the Board of Directors.
By acting as CCPs, the clearing corporations step in between the seller and buyer of each trade to assume the counterparty risk and the responsibility to deliver the securities to the buyer and payment to the seller.
Collaboration to Deliver Central Counterparty Services and Added Risk Management Benefits to the OTC Derivatives Market CHICAGO & NEW YORK -- The Clearing Corporation (CCorp), and The Depository Trust & Clearing Corporation (DTCC) have signed an agreement that facilitates central counterparty services (CCP) for the over-the-counter (OTC) derivatives marketplace.
 
 
 
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