DTCC Files with SEC to Operate a CCP For Mortgage-Backed Securities

DTCC’s Mortgage-Backed Securities Division (MBSD) of its Fixed Income Clearing Corporation (FICC) subsidiary has filed an application with the U.S. Securities and Exchange Commission (SEC) to provide central counterparty (CCP) and pool netting services for trades in U.S. mortgage-backed securities. This initiative is designed to reduce the risks and costs associated with trading in the $100 trillion-a-year market.

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