DTCC is a financial services company operating in the clearing sector, with its President, CEO, and Director being Frank La Salla, who also serves as the President and CEO of DTC, FICC, and NSCC. DTCC and its subsidiaries are committed to advancing the automation, centralization, standardization, and simplification of post-trade market infrastructures, processes that are essential for the security and robustness of the market.
DTCC is a 45-year-old financial services company. Through its subsidiaries, DTCC simplifies the complexities of clearing, settlement, asset services, global data management, and information services in areas such as equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. Additionally, DTCC Derivatives Repository Plc (DDRL) is a trade repository registered in the UK and regulated by the UK Financial Conduct Authority (FCA), dedicated to providing greater transparency, reducing risks, and enhancing cost efficiency for global over-the-counter derivatives and exchange-traded derivatives markets.
DTCC offers products and services including institutional trade processing, clearing services, settlement and asset services, wealth management services, repositories and derivatives services, and data services. Through these services, DTCC provides customers with reference and activity-based data, offering transaction, reference, position, and asset service data covering all major asset classes.
DTCC also plays a role in the alternative reference rates sector, participating in the work of the Alternative Reference Rates Committee (ARRC) of the U.S. Federal Reserve and its operational workgroups and sub-committees. Furthermore, DTCC's NSCC, FICC, and DTC businesses do not use LIBOR (or other IBOR) benchmarks in trade input and processing, providing digital rates for corporate action events.
DTCC plays a role in promoting the safety, stability, and efficiency of financial markets, supporting and adding value to various participants in the financial industry through its innovative solutions and broad range of services.
