ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets.

Detailed explanation-2: -Understanding Clearing Corporations Such transactions encompass futures, options contracts, stock and bond trades, and margin money. In addition, clearing corporations have a range of tasks including regulating the delivery of securities and reporting trading data.

Detailed explanation-3: -DTCC subsidiaries National Securities Clearing Corporation (NSCC) and Fixed Income Clearing Corporation (FICC) deliver highly efficient clearing services across the U.S. equities and fixed income markets, reducing risk and cost for clients, while ensuring safety and reliability in the marketplace.

Detailed explanation-4: -The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for the financial markets. The DTCC settles most securities transactions in the U.S.

Detailed explanation-5: -DTCC’s subsidiary, The Depository Trust Company (DTC), established in 1973, was created to reduce costs and provide clearing and settlement efficiencies by immobilizing securities and making “book-entry” changes to ownership of the securities.