• Fixed Income Clearing Learning Center

    The Fixed Income Clearing Corporation (FICC) was created in 2003 to reduce costs and give DTCC customers a common approach to fixed income transaction processing by integrating the Government Securities Clearing Corporation and the Mortgage-Backed Securities Clearing Corporation.   Corporate, Municipals, and UITs (CMU) The Corporate, Municipal, and UITs (CMU) system provides all of its...
  • Government Securities Division (GSD)

    Welcome to the Government Securities Division (GSD) section of the Learning Center! The GSD Learning Center is designed as an educational resource to better equip Fixed Income Clearing Corporation's (FICC's) Government Securities Division (GSD) Netting Members and stakeholders with the tools needed to best use GSD's services. US Government Securities is the largest sector of the fixed income...
  • GCF Repo® Service

    Welcome to the GCF Repo® Service section of the Learning Center! The GCF Repo® Service enables dealers to trade general collateral repos, based on rate, term, and underlying product, throughout the day without requiring intra-day, trade-for-trade settlement on a Delivery-versus-Payment (DVP) basis.   To participate, dealers must be netting members of FICC’s Government Securities...
  • Risk Management (GSD)

    Welcome to the Risk Management (GSD) section of the Learning Center! As a CCP for eligible trades submitted by its Netting Members, GSD mitigates credit, market and liquidity risks in the financial services sector by standardizing and implementing risk management practices. GSD manages these risks that arise from outstanding obligations through various processes like mark-to-market, margining...
  • DVP Real-Time Trade Matching (RTTM®)

    Real-Time Trade Matching (RTTM®) enables dealers, brokers and other market participants to automate the processing of fixed income securities trades throughout the trading day. The core of GSD’s comparison system is its' RTTM® service. This is an interactive tool that enables members to automate the processing of their securities trades throughout the trading day. Using...
  • Interactive Messaging Participant Specifications

    The Interactive Messaging Participant Specification guide was written for systems and development personnel including managers, analysts and programmers. It presumes readers are familiar with technical concepts and terms, and have a basic understanding of FICC GSD's products and services.  Due to GSD's Real-time Comparison services: Members have the ability to submit trade input to...

No results found

No results found

No results found

No results found