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Fixed Income Clearing Corporation (industry service organization) In Stock Futures Funds Directory

 

FICC, which began operations on January 1, 2003, is an industry service organization, designed to operate on a not-for-profit basis, whose primary purpose is to ensure orderly settlement in the fixed income securities marketplace. FICC serves to bring both operational and risk management benefits to the clearance and settlement of U.S. Government securities by providing automated trade comparison, netting, and settlement services for the Government securities marketplace and is the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the mortgage-backed securities marketplace. FICCs automated systems are designed to provide real-time interactive communication facilities for the clearance and settlement of Government securities and mortgage-backed securities products.

 

Telephone: (800) 422-0582.
Website: http://www.ficc.com/