{"id":179379,"date":"2021-05-10T13:24:00","date_gmt":"2021-05-10T17:24:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/depository-trust-and-clearing-corporation-dtcc\/"},"modified":"2025-04-22T11:53:25","modified_gmt":"2025-04-22T15:53:25","slug":"depository-trust-and-clearing-corporation-dtcc","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/depository-trust-and-clearing-corporation-dtcc\/","title":{"rendered":"Depository Trust and Clearing Corporation (DTCC)"},"content":{"rendered":"<p>The Depository Trust &amp; Clearing Corporation (DTCC) is a centralized clearinghouse that provides post-trade clearing and settlement services for various financial markets in the United States. It ensures the efficient and secure transfer of securities and funds between buyers and sellers, reducing counterparty risk and enhancing market stability.<\/p>\n<p>DTCC&#8217;s primary role is to automate and standardize the clearing and settlement process, reducing the time and cost associated with these activities. By acting as an intermediary, DTCC guarantees the completion of trades, even if one party defaults.<\/p>\n<p>The principal subsidiaries are as follows:<\/p>\n<ul>\n<li>National Securities Clearing Corporation (NSCC) &#8211; central counterparty for clearing, settling and guaranteeing US stock trades.<\/li>\n<li>The Depository Trust Company (DTC) &#8211; provided custody and safekeeping services for securities.<\/li>\n<li>Fixed Income Clearing Corporation (FICC) &#8211; provides trade match, clearing and risk management services for fixed income securities through its Government Securities Division (GSD) and Mortgage-Backed Securities Division (MBSD).<\/li>\n<li>DTCC Deriv\/SERV LLC &#8211; provides trade match and comparison services for OTC derivative transactions.<\/li>\n<li>European central Counterparty Ltd. (EuroCCP) &#8211; provides clearing and settlement services for pan-European markets.<\/li>\n<\/ul>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Depository Trust and Clearing Corporation (DTCC) is an industry owned corporation that provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage backed securities, money market instruments and OTC derivatives through its subsidiaries. The principal subsidiaries are as follows: National Securities Clearing Corporation (NSCC) &#8211; central counterparty for clearing, settling and guaranteeing US stock trades. The Depository Trust Company (DTC) &#8211; provided custody and safekeeping services for securities. Fixed Income Clearing Corporation (FICC) &#8211; provides trade match, clearing and risk management services for fixed income securities through its Government Securities Division (GSD) and Mortgage-Backed Securities Division (MBSD). DTCC Deriv\/SERV LLC &#8211; provides trade match and comparison services for OTC derivative transactions. European central Counterparty Ltd. (EuroCCP) &#8211; provides clearing and settlement services for pan-European markets.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13265,13251],"class_list":{"0":"post-179379","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-d","6":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"The Depository Trust &amp; Clearing Corporation (DTCC) is a centralized clearinghouse in the United States.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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