The DTCC subsidiary hit a new cleared transactions high on June 30.
The Fixed Income Clearing Corp. (FICC), a subsidiary of the Depository Trust & Clearing Corp. (DTCC), processed a new peak volume of $11.8 trillion in cleared transactions through its Government Securities Division (GSD) on June 30, the highest GSD volume recorded since April 9, when peak volume reached $11.4 trillion, officials say.
“FICC’s Sponsored Service also reached a new peak volume on June 30, successfully clearing over $2.48 trillion in sponsored activity vs. the previous record of $2.11 trillion on April 30 and providing $1.14 trillion in balance sheet capacity to the industry on the same day,” officials say.
The FICC has a “long track record of successfully processing persistent volatility in U.S. Treasuries,” says Laura Klimpel, managing director, head of DTCC’s Fixed Income and Financing Solutions, in a prepared statement. “At the same time, we are also providing increased balance sheet capacity to our members due to the value of central clearing with FICC,” Klimpel says. “We are not only protecting one of the world’s largest financial markets by managing volatility and market stress but also enabling significant capital and liquidity efficiencies for our members.”
DTCC is a post-trade market infrastructure provider with 20 locations around the world.
The DTCC and its subsidiaries help financial services firms with clearing, settlement, asset servicing, transaction processing, trade reporting, and data services across asset classes, officials say.
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