Friday, July 29, 2005

DTCC

The Depository Trust & Clearing Corporation (DTCC) through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter credit derivatives.
 
DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas.
 

Established in 1999 to bring together and integrate the operations of The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC), DTCC's purpose is to help grow the world economy by furthering the development of low-cost, efficient capital.

The integration of the newest DTCC subsidiaries, Government Securities Clearing Corporation (GSCC), MBS Clearing Corporation (MBSCC) and the Emerging Markets Clearing Corporation (EMCC), which took effect officially on January 1, 2002, is part of a larger effort by the industry to bring greater synergies and efficiencies to post-trade processing, with the vision of creating a truly global central counterparty solution for many types of securities.


NOTICE: If received in error, please destroy and notify sender.  Sender does not waive confidentiality or privilege, and use is prohibited.

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