National Securities Clearing Corporation (NSCC)

NSCC acts as a central counterparty, providing centralized clearance and settlement for virtually all broker-to-broker equity, corporate debt and municipal debt, exchange-traded funds and unit investment trust trades in the U.S.

Fixed Income Clearing Corporation (FICC)

This subsidiary was founded in 2003 to reduce cost by combining our government securities and mortgage-backed securities clearing activities with a common approach to fixed income transaction processing. Today, FICC handles the highest dollar value of transactions within DTCC, across our Government Securities Division (GSD) and Mortgage-Backed Securities Division.

The Depository Trust Company (DTC)

DTC is the world's largest securities depository, providing a wide range of securities custody, asset servicing and tax services for its participant banks, broker/dealers and clearing agencies in 84 countries.

DTCC Loan/SERV LLC

DTCC's subsidiary, DTCC Loan/SERV LLC, continues to build and expand the global infrastructure to support the syndicated loan market with an evolving suite of services. By leveraging DTCC's vast experience in processing bonds, equities and over-the-counter derivatives, DTCC Loan/SERV LLC helps deliver cost-effective solutions that reduce risk, boost efficiencies, improve transparency and enable the global syndicated loan market to grow in a rapidly changing financial and regulatory environment.

DTCC Deriv/SERV LLC

DTCC Deriv/SERV LLC was formed in 2004, with the capacity to provide the industry's first automated credit default swaps matching service in the international arena. Deriv/SERV allows for comparisons to make in real-time, with confirmation in minutes or days. In late 2004, the service was extended to include matching and confirmation services for OTC equity derivatives.

DTCC Solutions LLC

Created to deliver information-based and business processing solutions to financial intermediaries, this subsidiary offers our award-winning Global Corporate Action (GCA) Validation Service. This 24/7 service "follows the sun" to provide a centralized source of authenticated information about tender offers, conversions, stock splits, and nearly 100 other types of events for equities and fixed income instruments traded in Europe, Asia-Pacific and the Americas.

European Central Counterparty Ltd. (EuroCCP)

European Central Counterparty Ltd. (EuroCCP) is a wholly owned subsidiary of The Depository Trust & Clearing Corporation. It was created to provide clearing and settlement services for Turquoise, a new pan-European trading platform backed by nine major investment banks: Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, Merrill Lynch, Citi, UBS, BNP Paribas, and Société Générale. Turquoise members participate in up to 50% of the trades on many of the leading European exchanges.

Omgeo LLC

Omgeo is our joint venture with Thomson Financial, a leading provider of post-trade, pre-settlement institutional trade management solutions. This partnership gives DTCC access to over 6,000 investment managers, broker/dealers and custodians in more than 40 countries who look to Omgeo to increase operational efficiency and reduce risk through straight-through processing (STP) solutions.