New York Portfolio Clearing, LLC (NYPC) will be the first clearing organization to bring together cash positions and their natural derivatives hedge in an open manner designed to substantially improve both operational and capital efficiency. At the same time, NYPC will significantly increase transparency by giving regulators the ability, from a central vantage point, to see and assess systemic risk across asset classes.
NYPC will clear interest rate products and will support the cross-margining of fixed income cash products from DTCC’s Fixed Income Clearing Corporation with their related, offsetting derivatives trades in a “single pot.” This innovative approach to margining will deliver significant capital and operational efficiencies for market participants, while reducing risk and enhancing transparency.
NYPC will be a Commodity Futures Trading Commission-regulated Derivatives Clearing Organization, and is pending regulatory approval. For more information, visit www.nypclear.com.