Built in partnership with the industry to provide stability and efficiency in the global capital markets, our U.S. cash market securities central counterparties (CCPs), National Securities Clearing Corporation (NSCC) and Fixed Income Clearing Corporation (FICC), provide critical clearing and settlement services for multiple asset classes, including U.S. equities, corporate and municipal bonds, as well as government and mortgage-backed securities. Together with The Depository Trust Company (DTC), which provides centralized securities depository, book-entry pledge/transfer, and net funds settlement for virtually all equity, fixed income, and Money Market Instruments in the U.S., FICC and NSCC stand at the center of global trading activity, processing trillions of dollars of securities transactions on a daily basis.
Recognizing that CCPs and Financial market utilities (FMUs) are a vital source of market stability, DTCC’s primary function is, and has been since inception more than 40 years ago, risk management.
Click here to read more about the important role CCPs and FMUs play to reduce risks and promote resiliency, stability, and efficiency for global financial services ecosystem.