Fixed Income Clearing Corporation: Difference between revisions

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''[US]''  
''US''.


The Fixed Income Clearing Corporation (FICC) is a subsidiary of the Depository Trust & Clearing Corporation ([[DTCC]]) and provides services relating to the US Government securities and the mortgage-backed securities (MBS) markets. FICC is registered with and regulated by the U.S. [[Securities and Exchange Commission]] (SEC).
(FICC).  


It offers real-time trade matching, clearing, risk management and netting for trades in US Government debt issues, including repurchase agreements or repos. For MBS markets, it offers trade matching, trade confirmation, risk management, netting, settlement and electronic pool notification.
The Fixed Income Clearing Corporation is a subsidiary of the Depository Trust & Clearing Corporation ([[DTCC]]).  


The FICC was formed in 2003. Its acronym is unfortunately the same as for the Fixed Income, Credit and Commodities ([[FICC]]) market sector.
FICC provides services relating to the US government securities market and the mortgage-backed securities (MBS) market.
 
It offers real-time trade matching, clearing, risk management and netting for trades in US government debt issues, including repurchase agreements or repos.
 
For MBS markets, it offers trade matching, trade confirmation, risk management, netting, settlement and electronic pool notification.
 
 
FICC is registered with and regulated by the US [[Securities and Exchange Commission]] (SEC).
 
 
==See also==
* [[Mortgage-backed securities]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Latest revision as of 22:53, 9 October 2021

US.

(FICC).

The Fixed Income Clearing Corporation is a subsidiary of the Depository Trust & Clearing Corporation (DTCC).

FICC provides services relating to the US government securities market and the mortgage-backed securities (MBS) market.

It offers real-time trade matching, clearing, risk management and netting for trades in US government debt issues, including repurchase agreements or repos.

For MBS markets, it offers trade matching, trade confirmation, risk management, netting, settlement and electronic pool notification.


FICC is registered with and regulated by the US Securities and Exchange Commission (SEC).


See also