

In the U.S. fixed-income marketplace - the world's largest and most liquid - Fixed Income Clearing Corporation processes about $4 trillion each day in U.S. Government and mortgage-backed securities transactions.


With the launch of a new central counterparty that guarantees the completion of mortgage-backed securities trades, FICC is bringing a much higher level of risk control and certainty to this major, $100 trillion-a-year U.S. market.
"Having a central counterparty for MBS trades is a real innovation that will lower systemic and operational risk in the U.S. MBS market," notes Murray Pozmanter, DTCC Managing Director and General Manager, Clearing Services.
The launch of NYPC in 2011 will mean new intraday margining requirements for FICC customers. See our video and the FAQs from customer workshops.
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