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2005 Press Releases
March 14, 2005DTCC's Real-Time Payment Processing Service for Credit Default Swaps Goes LiveAs part of its effort to continue to transform and automate the over the counter (OTC) derivatives market, The Depository Trust & Clearing Corporation (DTCC) announced that it has successfully launched key enhancements to its payment matching and netting service, providing real-time input and matching and bilateral netting.
February 15, 2005FICC's RTTM Service Ushers in an Industry MilestoneThe Fixed Income Clearing Corporation (FICC) has reported enormous success with its new Real-Time Trade Matching (RTTM) service to support real-time price reporting and trade matching of municipal bond trades, to over 96%, bringing price transparency to the municipal bond market. FICC is a subsidiary of The Depository Trust & Clearing Corporation (DTCC).
January 10, 2005FICC WINS "AAA/A-1+" CREDIT RATINGDTCC announced that Standard & Poor's (S&P), after a thorough, months-long review of the operations, has awarded Fixed Income Clearing Corporation (FICC), a DTCC subsidiary, an "AAA/A-1+" credit rating. The rating is the highest issued by S&P.