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.
References in periodicals archive ?
In the initial phase, joint CCorp and DTCC Warehouse members whose OTC credit derivative trades are stored in the Warehouse can elect to replace their bilateral agreements with a new CCP guaranteed trade backed by the CCorp.
The first transaction involved a proprietary buy and sell of a German Bund futures contact on Eurex, which was then cleared through CCorp.
RJO's commitment to use the GCL signals market participants' interest for clearing choice as well as the utility and cost-effectiveness of The Clearing Corporation and the GCL," said Dennis Dutterer, President and CEO of CCorp.