Clearing Corporation Explained

The Clearing Corporation
Type:	Subsidiary
Location City:	Delaware
Homepage:	www.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."^{[1] [2]}

In 2008, the Clearing Corporation and the Depository Trust & Clearing Corporation (DTCC) announced a credit default swap (CDS) public clearing facility^[3] 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.^{[4] [5]}

References

1. Web site: Financial and Business News | Financial News London .
2. Web site: About the Clearing Corporation . 2008-10-07 . dead . https://web.archive.org/web/20081005030953/http://www.clearingcorp.com/about/who-are-we.html . 2008-10-05 .
3. Web site: CCorp and DTCC CDS Clearing . 2012-10-31 . dead . https://web.archive.org/web/20120217043722/http://www.clearingcorp.com/press/pressreleases/20080528-dtcc-cds.html . 2012-02-17 .
4. Web site: CCorp NY Bank . 2008-10-07 . dead . https://web.archive.org/web/20110616130540/http://www.clearingcorp.com/press/pressreleases/20080929-nybank.html . 2011-06-16 .
5. Web site: CCorp says CDS clearing counterparty will launch by year-end . 29 September 2008 .

External links

• www.theice.com/clearing-corp