Fixed Income Clearing Corporation


Also found in: Acronyms.

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 ?
As of June 30, 2019, the company had $1.0 billion in cash (including $100 million deposited with Fixed Income Clearing Corporation (FICC) and included in other current assets) and $4.1 billion in debt.
Broadridges MBS Expert SaaS platform is used by 30+ firms including the largest Fixed Income Clearing Corporation (FICC) clearing members and asset managers.
The Fixed Income Clearing Corporation (FICC) introduced the GCF Repo service in 1998.

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