FICC's Government Securities Division (GSD) is the leading provider of trade comparison, netting and settlement for the Government securities marketplace. GSD clients include the nation's major brokers and dealers, as well as a wide range of entities that trade U.S. Government securities.

• CCIT Service
• Sponsored Membership
• GCF Repo®
• Real-Time Trade Matching (RTTM)
• Netting and Settlement services
• Auction Takedown Service
• Repurchase Substitutions Service
• Automated Funds Only Settlement Service

DTCC’s risk management capabilities allow clients greater insight into their current and historical positions, helping firms efficiently analyze and manage risk and liquidity across many functions and activities including trade planning and execution, monitoring and surveillance, and regulatory compliance. 

• DTCC Risk Management as a Service (RMaaS)  

The Mortgage-Backed Securities Division (MBSD) is the sole provider of automated post-trade comparison, netting, electronic pool notification, pool comparison, pool netting and pool settlement services to the mortgage-backed securities market thus providing greater efficiency, transparency and risk mitigation to this specialized market.

• MBS Novation
• Real Time Trade Matching (RTTM)
• Electronic Pool Notification (EPN)
• Netting and Settlement Services
• Automated Funds-Only Settlement Service

The Corporate, Municipal, and UITs (CMU) system provides all of its customers with RTTM - a single pipeline, a common processing platform, and a standardized message format for the U.S. fixed income markets.

• Real Time Trade Matching (RTTM) 

DTCC clears and settles virtually all broker-to-broker equity, listed corporate and municipal bond and unit investment trust (UIT) transactions in the U.S. equities markets, advancing new initiatives and driving development of products and services that mitigate risk, reduce costs and enhance processing efficiencies for market participants.

• Automated Customer Account Transfer Service (ACATS)
• CNS^®
• Cost Basis Reporting Service (CBRS)
• Envelope Settlement Service (ESS/IESS)
• The Fully-Paid-for-Account
• Obligation Warehouse (OW)

As the central counterparty for the nation’s major exchanges and markets, DTCC clears and settles virtually all broker-to-broker equity, listed corporate and muni bond and UIT trading in the U.S., ensuring capacity, certainty and reliability to handle today’s enormous trading volumes.

• CNS / Prime Broker Interface
• Correspondent Clearing
• DTCC Limit Monitoring
• Exchange Traded Fund (ETF)
• Foreign Securities Comparison and Netting (FSCN)
• Universal Trade Capture (UTC)