Depository Trust And Clearing Corporation (DTCC): The DTCC is the world's largest securities depository, holding trillions of dollars in assets for the members of the financial industry that own the corporation. It is also a national clearinghouse for the settlement of corporate and municipal securities transactions. The DTCC, a member of the Federal Reserve System, was created in 1999 as a holding company. It has two primary subsidiaries, the Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC). It is also the holding company for the Emerging Market Clearing Corporation (EMCC) and the Fixed Income Clearing Corporation (FICC). The FICC was formed as a merger of the Government Security Clearing Corporation (GSCC) and the Mortgage Backed Security Clearing Corporation (MBSCC).

 

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