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 ?
To improve liquidity for these trades and to simplify settlement, FICC standardizes GCF Repo trades by defining the acceptable classes of securities used as collateral.
Ante una Plaza de la Reforma copada por cancunenses, la canciller dijo que el FICC ha sido un espacio de intercambio cultural para artistas e intelectuales de la region, adicionalmente que esto permite a los habitantes de Quintana Roo un contacto cultural con los hermanos del Caribe y considero que el tema del Festival Con mucho Caribe para sus ninos no podria haber sido mejor, pues da el espacio que merecen las ninas y los ninos en esta gran fiesta.
However, there is no public disclosure of the five primary components of FICC revenues - interest rates, credit, mortgages, currencies, and commodities.
Chuprin, who has deep technical knowledge across the Fixed Income, Currencies and Commodities (FICC) and Structured Solutions markets, was most recently head of FICC Sales at Sberbank.
Following the close of the transaction, the BofAML Global Research FICC indices will become part of ICE Data Services, a global leader in proprietary market data, analytics, desktops and connectivity solutions.
amp;nbsp;Compensation in the FICC unit, which has seen a bulk of the job cuts, has fallen 20 percent, Chief Financial Officer Harvey Scwartz told investors last month.
Ninety-two percent expect FICC trading business models to be disrupted, including 28 percent of analysts who characterize these changes as dramatic.
We argue that fire-sale risks in GCF Repo are substantially mitigated by the role of FICC as the central counterparty.
While merger and acquisitions (M&A) and underwriting pipelines are robust, the Volcker Rule and Dodd Frank restrictions on derivatives will not allow Goldman Sachs to replicate its spectacular FICC trading coups of the pre-Lehman bubble era.
Currently, Elcar is head of Securities and FICC at Handelsbanken Capital Markets.
Once Wall Street's largest bond trading house, Goldman reported its sixth consecutive quarterly decline in its FICC business.
Head of FICC for Macquarie in Europe, the Middle East and Africa, Paul Plewman, said, "The Dubai International Financial Centre provides a strategic gateway to reach a wider base of clients and investors as well as tap into the region's growth prospects.