The Clearing Corporation (TCC, former CCorp) is "a Delaware corporation owned by 17 stockholders (which include banks Goldman Sachs, Deutsche Bank and Morgan Stanley, as well as inter-dealer brokers ICAP and GFI Group and German derivatives exchange Eurex), many of whom represent the world-wide derivatives marketplace participants and market makers."[1][2]
In 2008, the Clearing Corporation and the Depository Trust & Clearing Corporation (DTCC) announced a credit default swap (CDS) public clearing facility[3] that will be linked to DTCC's Trade Information Warehouse. On September 29 of 2008, CCorp affirmed that the CDS clearing counterparty will launch by year-end.[4][5]
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The Clearing Corporation an arm of NSE which ensures timely settlement of funds and securities
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Depository Trust And Clearing Corporation
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Depository Trust Clearing Corporation ~ An Interview With Ex-Employee
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References
- ^ "Financial and Business News | Financial News London".
- ^ "About the Clearing Corporation". Archived from the original on 2008-10-05. Retrieved 2008-10-07.
- ^ "CCorp and DTCC CDS Clearing". Archived from the original on 2012-02-17. Retrieved 2012-10-31.
- ^ "CCorp NY Bank". Archived from the original on 2011-06-16. Retrieved 2008-10-07.
- ^ "CCorp says CDS clearing counterparty will launch by year-end". 29 September 2008.
External links
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This page was last edited on 9 January 2023, at 15:17