Overview
EuroCCP, a London-based subsidiary of The Depository Trust & Clearing Corporation (DTCC), leverages DTCC's 35-plus years of experience to design and run its applications and provide robust risk management for clearing and settlement of trades done in multiple national markets across Europe.
About DTCC
DTCC, through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.
DTCC's depository provides custody and asset servicing for 3.5 million securities issues from the United States and 110 other countries and territories, valued at $27.6 trillion. In 2008, DTCC settled more than $1.88 quadrillion in securities transactions.
DTCC operates through seven subsidiaries - each of which serves a specific segment and risk profile within the securities industry:
- National Securities Clearing Corporation (NSCC)
- The Depository Trust Company (DTC)
- Fixed Income Clearing Corporation (FICC)
- DTCC Loan/SERV LLC
- DTCC Deriv/SERV LLC
- The Warehouse Trust Company LLC
- DTCC Solutions LLC
- EuroCCP Ltd.
DTCC joint venture company Omgeo has 6,000 customers in 42 countries and plays a critical role in institutional post-trade processing, acting as a central information management and processing hub for brokers, investment managers and custodian banks.