Depository Trust & Clearing Corporation
Financial Services Company and Company
UPDATE 1-Thomson working with creditors as deadline nears...remained, amounting to a gross notional exposure of $7.29 billion and a net $942 million, according to the latest data from the Depository Trust & Clearing Corp. A month ago, before the auction, there were 5,067 contracts at a gross... In this article: Thomson SA, BNP Paribas, Depository Trust & Clearing Corp., and Paris |
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FT.com - Companies | 1 day ago
Bets rise on rich country bond defaults
...which has one of the highest debt burdens of the developed economies, are now the highest for an individual country, according to the Depository Trust & Clearing Corporation. In contrast, the outstanding volume of CDS linked to emerging...
In this article: Fitch Group, Italy, Brazil, Derivative, and RBC Capital Markets
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Reuters | 3 days ago
Thomson CDS seen wider on fears for restructuring
...gross notional exposure of $7.29 billion and a net $942 million, according to the latest data from the Depository Trust & Clearing Corp. (DTCC) A month ago, before the auction, there were 5,067 contracts at a gross notional exposure of $21.2...
In this article: Thomson SA, BNP Paribas, Depository Trust & Clearing Corp., Citigroup, and U.S.
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Securities Docket | November 13, 2009
SEC Charges Two Madoff Computer Programmers
...accounts. O'Hara and Perez allegedly wrote programs that generated many thousands of pages of fake trade blotters, stock records, Depository Trust Corporation reports and other phantom books and records to substantiate nonexistent...
In this article: Bernard Madoff, SEC, Frank DiPascali, Jr., and Depository Trust Corporation
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PR Newswire: Technology | November 13, 2009
Manhattan U.S. Attorney Charges Two Former Computer Programmers for Bernard L. Madoff Investment Securities, LLC With Conspiracy and Falsifying Books and Records
...IA client account statements in a format different from those sent to clients; Produced fraudulent DTC monthly reports and other fraudulent DTC documents that were used to deceive representatives of the European accounting firm about...
In this article: Bernard L. Madoff, FBI, Manhattan, DTC, Internal Revenue Service, and Iowa
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Guardian Unlimited | November 13, 2009
Madoff's former IT experts arrested
...and Perez, 43, wrote programs that generated many thousands of pages of fake trade blotters, stock records, Depository Trust Corporation (DTC) reports and other phantom books and records to substantiate nonexistent trading. They assigned file...
In this article: Bernard Madoff, Frank DiPascali, SEC, Depository Trust Corporation, New York, and Defendant
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CIT default swap auction to be held on November 20
...market disturbances. Around $3.1 billion in net volumes is outstanding in single name protection on CIT's debt, according to data by the Depository Trust & Clearing Corp. In addition, CIT was included in a number of tranche trades based...
In this article: CIT Group, Bankruptcy, Collateralized Debt Obligations, Recession, Small business, Depository Trust & Clearing Corp., and Lehman Brothers
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Aiful loan payment miss may roil Japanese CDS market
...information. Net volume of around $1.36 billion are outstanding on credit default swaps insuring Aiful's debt, according to data from the Depository Trust & Clearing Corp. LACK OF DISCLOSURE The lack of public information regarding the...
In this article: Japan, Depository Trust & Clearing Corp., Credit default swap, and Tokyo
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RLPC-Markit and DTCC join to streamline loan processing
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UPDATE 2-Nasdaq shelves plan to take on clearer DTCC
...helped lower the total costs of trading, innovation, and better services and efficiencies -- a claim the DTCC rejected. Nasdaq said: "DTCC has made a number of changes to its ... pricing models and schedules and promised significant...
In this article: DTCC, Nasdaq, Joint venture, Boston Stock Exchange, Philadelphia Stock Exchange, and NYSE Euronext
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Centre Daily Times | October 19, 2009
DTCC Announces New Electronic Solution to Streamline Business Transactions in the Insurance Industry
...and data centers in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com. DTCC Insurance & Retirement Services connects the insurance industry through the world's largest post-trade...
In this article: DTCC, XML, Derivative, Acord, and United States
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Description from Wikipedia:
The Depository Trust & Clearing Corporation (DTCC), based primarily at 55 Water Street in New York City, is the world’s largest post-trade financial services company. It was set up to provide an efficient and safe way for buyers and sellers of securities to make their exchange, and thus "clear and settle" transactions. It also provides custody of securities.
User-owned and directed, it automates, centralizes, standardizes, and streamlines processes that are critical to the safety and soundness of the world’s capital markets. Through its subsidiaries, DTCC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, government and mortgage-backed securities, money market instruments, and over-the-counter derivatives. DTCC is also a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's DTC depository provides custody and asset servicing for 3.5 million securities issues, comprised mostly of stocks and bonds, from the United States and 110 other countries and territories, valued at $40 trillion, more than any other depository in the world.
In 2007, DTCC settled the vast majority of securities transactions in the United States, more than $1.86 quadrillion in value. DTCC has operating facilities in New York City, and at multiple locations in and outside the U.S.
In 2007 Chief Executive Officer Donald F. Donahue was named to the additional office of Chairman of DTCC and its subsidiaries, and Chief Operating Officer William B. Aimetti was named President.
- Name:
- Depository Trust & Clearing Corporation
- Type:
- Private
- Location City:
- New York City
- Location Country:
- U.S.
- Founded:
- DTCC (1999) - holding company for DTC (1973) and NSCC (1976)
- Owned by:
- NYSE, NASD, AMEX, banks, brokers
- Industry:
- Finance
- Services:
- financial
- Key People:
-
- William B. Aimetti
- Donald F. Donahue
- Revenue:
- US$706,242,000 (2007)
- Net Income:
- US$ 4,375,000 (2007)
- Assets:
- US$30,222,740,000
- Equity:
- US $242,920,000
- Subsidiaries:
-
- DTCC Deriv/SERV LLC
- FICC
- DTC
- DTCC Solutions LLC
- EuroCCP Ltd.
- NSCC
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