Central Securities Depositories
Depository Trust Company (DTC)
Federal Reserve Bank
National Securities Clearing Corporation (NSCC)
Fixed Income Clearing Corporation (FICC)
The Options Clearing Corporation
Minneapolis Grain Exchange Inc.
T+2 for Equities, Corporate bonds and Municipals
T+0 or T+1 for Money market instruments and Government securities
NSCC acts as CCP for Equities, Corporate and municipal debt, American depository receipts, Exchange-traded funds; Unit investment trusts.
FICC includes Fixed Income Clearing Corporation Government Securities Division (US Treasury and agency securities) and Fixed Income Clearing Corporation Mortgage-Backed Securities Division (mortgage-backed securities).
Key terms defined in our glossary:
Central Securities Depository
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.