Depository Trust and Clearing Corporation
| Depository Trust & Clearing Corporation | |
|---|---|
| legal form | Corporation |
| founding | 1999 |
| Seat | New York City |
| sales | $ 706 million (2007) |
| Branch | Clearinghouse |
| Website | www.dtcc.com |
The Depository Trust & Clearing Corporation ( DTCC ) is an American central securities depository and clearinghouse . It emerged in 1999 from a merger of the private companies Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC) , enforced by the Securities and Exchange Commission (SEC) and the US Congress .
backgrounds
DTCC also handles clearing for the new electronic exchange Turquoise through its wholly-owned subsidiary EuroCCP . EuroCCP is also the central counterparty for the multilateral trading system NYSE Arca Europe and for SmartPool , a dark pool .
In autumn 2008, DTCC announced that it would increase its 15.8% stake in LCH.Clearnet and take over the company completely, which would make DTCC the world's largest clearinghouse .
The Fixed Income Clearing Corporation (FICC) subsidiary is responsible for clearing fixed income securities in the United States.
See also
Individual evidence
- ↑ Annual Report 2007 (page 53) ( Memento of the original from October 10, 2008 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (PDF; 2.7 MB)
- ↑ Position and development prospects of the Frankfurt financial center (pp. 139-140)
- ^ Project Turquoise banks select EuroCCP for clearing and settlement (2007)
- ↑ Financial News (April 13, 2009)
- ↑ http://www.lchclearnet.com/media_centre/press_releases/2008-10-22.asp
- ↑ About DTCC - Fixed Income Clearing Corporation (FICC) ( Memento of the original from October 29, 2012 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
