DTCC


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DTCC

Depository Trust & Clearing Corporation

A clearing house that is the largest security depository and post-trade financial services company in the world. Based in New York, the DTCC settles the large majority of securities transactions in the United States, totaling $1.86 quadrillion in value in 2007. Along with its subsidiaries, the corporation provides services on mutual funds, insurance, corporate and municipal bonds, equities, mortgage- and government-backed securities, and various other derivatives. Its main competitors are Euroclear and Clearstream.

Depository Trust and Clearing Corporation (DTCC).

The DTCC is the world's largest securities depository, holding trillions of dollars in assets for the members of the financial industry that own the corporation. It is also a national clearinghouse for the settlement of corporate and municipal securities transactions.

The DTCC, a member of the Federal Reserve System, was created in 1999 as a holding company. It has two primary subsidiaries, the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC).

It is also the holding company for the Emerging Market Clearing Corporation (EMCC) and the Fixed Income Clearing Corporation (FICC).

The FICC was formed as a merger of the Government Security Clearing Corporation (GSCC) and the Mortgage Backed Security Clearing Corporation (MBSCC).

References in periodicals archive ?
Since its launch in July 2012, futures on the DTCC GCF Repo Index have experienced widespread market adoption with a diverse range of banks, hedge funds and asset managers adopting the product as a tool for their risk management needs.
"It also illustrates DTCC's ongoing commitment to continue to grow and invest in the business in Wrexham, and I am delighted the Welsh Government is supporting this important investment.
Located in London, with a data centre in The Netherlands, DTCC's European
The first bank commenced reporting on 4 November 2013, DTCC said.
DTCC introduced its first Loan/SERV Reconciliation Service in 2008 which was designed to provide transaction-level reconciliation.
DTCC said that existing relationships with not only the state, but also local governments were critical factors in expansion process.
Wotton added, Over the years, I have been able to gain unique insights into DTCCs derivatives repositories, working alongside my fellow Deriv/SERV Board Members to advise on future product strategy.
DTCC's Global Trade Repository is the industry's preferred provider for global OTC derivatives reporting and holds data on more than 98% of credit default swaps, 70% of interest rate derivatives and 60% of equities derivatives traded globally.
Through operating facilities and data centers around the world, DTCC and its subsidiary companies automate, centralize and standardise the post-trade processing of financial transactions for thousands of institutions worldwide.
M2 EQUITYBITES-December 3, 2013--IntercontinentalExchange, DTCC to transition NYSE Liffe interest rate futures
Release date- 04092019 - DTCC and Accenture Unveil Governance Operating Model to Manage Risks and Promote Safety Across Distributed Ledger Technology Landscape.
M2 PRESSWIRE-September 4, 2019-: DTCC and Accenture Unveil Governance Operating Model to Manage Risks and Promote Safety Across Distributed Ledger Technology Landscape