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Clearing Corporation

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The Clearing Corporation
Company typeSubsidiary
HeadquartersDelaware
Websitewww.theice.com/clearing-corp

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."

In 2008, the Clearing Corporation and the Depository Trust & Clearing Corporation (DTCC) announced a credit default swap (CDS) public clearing facility 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.

References

  1. "Financial and Business News | Financial News London".
  2. "About the Clearing Corporation". Archived from the original on 2008-10-05. Retrieved 2008-10-07.
  3. "CCorp and DTCC CDS Clearing". Archived from the original on 2012-02-17. Retrieved 2012-10-31.
  4. "CCorp NY Bank". Archived from the original on 2011-06-16. Retrieved 2008-10-07.
  5. "CCorp says CDS clearing counterparty will launch by year-end". 29 September 2008.

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