The Depository Trust Company
("DTC")
DTC is registered with and regulated by the U.S. Securities and Exchange Commission
DTC Rules, By-Laws and Organization Certificate
DTC is a limited-purpose trust company organized under the New York Banking Law, and is a member of the Federal Reserve System
DTC Fee Guide And Fine Schedule
DTC Procedures
DTC Other
- Outside Counsel Legal Memorandum: Uncleared Swap Margin Rules: Custodial Risk and the Enforceability of Rights with Respect to Securities Posted as Initial Margin at The Depository Trust Company — Available to DTC Participants and Pledgees. Please contact [email protected] to obtain a copy.
Fixed Income Clearing Corporation
("FICC")
FICC is registered with and regulated by the U.S. Securities and Exchange Commission
FICC Restated Certificate Of Incorporation And By-Laws
FICC Government Securities Division ("GSD") Rulebook and Other
GSD Netting, Novation, and Bankruptcy Remoteness Opinions – Memorandums of Law – Available to GSD Netting Members. Please contact [email protected] to obtain a copy.
- Netting with Respect to Transactions, Including Repos, Cleared Through the Government Securities Division of Fixed Income Clearing Corporation (September 1, 2021)
- Effectiveness and Enforceability of Novation of Sponsored Member Trades Under the Sponsored Member Program (September 1, 2021)
- Treatment of Segregated Customer Margin in the Event of a Netting Member Insolvency (May 23, 2024)
GSD Fee Guide
FICC Mortgage-Backed Securities Division ("MBSD") Clearing Rules and Other
MBSD Netting, Novation, and Bankruptcy Remoteness Opinions – Memorandums of Law – Available to MBSD Clearing Members. Please contact [email protected] to obtain a copy.
- Enforceability of the Termination and Netting Provisions of Rules 17A and 17 and the Loss Allocation Rules of Rule 4 Upon the Occurrence of a Corporation Default (January 7, 2022)
- Enforceability of a Clearing Member's Default Rights Under a Master Repurchase Agreement Entered into Pursuant to the Capped Contingency Liquidity FacilityTM Upon the Occurrence of a Corporation Event of Default (March 8, 2012)
- Update to Memorandum of Law, dated March 8, 2012, Regarding the Enforceability of a Clearing Member's Default Rights Under a Master Repurchase Agreement Entered into Pursuant to the Capped Contingency Liquidity FacilityTM Upon the Occurrence of a Corporation Event of Default (December 13, 2016)
MBSD Fee Guide
National Securities Clearing Corporation
("NSCC")
NSCC is registered with and regulated by the U.S. Securities and Exchange Commission
NSCC Certificate Of Incorporation And By-Laws
NSCC Rules & Procedures
NSCC Fee Guide