DTCC Deriv/SERV LLC provides automated matching and confirmation services for over-the counter (OTC) derivatives trades, including credit, equity and interest rate derivatives. It also provides related matching of payment flows and bilateral netting services.

Deriv/SERV's customer base, which includes dealers and buy-side firms from more than 35 countries, is the market's largest post-trade service provider for OTC derivatives. In 2008, Deriv/SERV processed a record 10.1 million transactions.

Since its establishment in 2003, Deriv/SERV has been an important driver in increasing electronic confirmation rates, thereby reducing the risks and costs associated with labor-intensive, paper-based processing. More than 90% of credit derivatives traded globally are now confirmed through Deriv/SERV, up from 15% in 2004.

DTCC in 2006 launched Deriv/SERV's global Trade Information Warehouse, the market's first and only comprehensive trade database and centralized electronic infrastructure for post-trade processing of OTC derivatives contracts over their lifecycles, from confirmation through to final settlement. Initially servicing credit derivatives, this global infrastructure solution, which was developed in close collaboration with leading dealers and buy-side firms, is designed to be extended to accommodate interest rate, equity and other OTC derivatives in the future.

View service offerings of DTCC Deriv/SERV LLC in the Products & Services section.

Services include:

• Credit Default Swaps Matching and Confirmation
• Equity Derivatives Matching and Confirmation
• Interest Rate Derivatives Matching and Confirmation
• Payment Calculation and Bilateral Netting
• Trade Information Warehouse