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 ?
NYPC will clear interest rate products and will support the cross-margining of fixed income cash products from The Depository Trust & Clearing Corporation's Fixed Income Clearing Corporation with their related, offsetting derivatives trades in a "single pot".
NEW YORK -- New York Portfolio Clearing, LLC (NYPC), the innovative derivatives clearinghouse that will deliver "one-pot" margining of proprietary interest futures positions cleared by NYPC with fixed income cash positions cleared by The Depository Trust & Clearing Corporation's Fixed Income Clearing Corporation, today announced the election of Bernard Dan, Richard Prager and Tom Wipf as independent members to its board of directors.
NYPC will clear interest rate products and will support the cross-margining of fixed income cash products from Depository Trust & Clearing Corporation's Fixed Income Clearing Corporation with their related, offsetting derivatives trades in a "single pot".
NEW YORK -- The Depository Trust & Clearing Corporation (DTCC) announced today that the Securities and Exchange Commission (SEC) has approved the transformational "one-pot" cross-margining arrangement between fixed income positions cleared by DTCC's Fixed Income Clearing Corporation (FICC) subsidiary, including U.
DTCC's Fixed Income Clearing Corporation introduced GCF Repo[R] processing more than a decade ago so that dealers can trade general collateral repos--based on rate, term, and the underlying product--throughout the day without requiring intra-day, trade-for-trade settlement.
DTCC's Fixed Income Clearing Corporation introduced GCF repo processing more than a decade ago so that dealers can trade general collateral repos--based on rate, term, and the underlying product--throughout the day without requiring intra-day, trade-for-trade settlement.
regulated subsidiaries, The Depository Trust Company (DTC), National Securities Clearing Corporation (NSCC) and the Fixed Income Clearing Corporation (FICC).