Private holding company established in 1999 to combine The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC).
http://www.dtcc.com
DTCC provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks.
Key Facts
A global solution to provide Legal Entity Identifiers for all parties to financial contracts was proposed by the Depository Trust & Clearing Corporation (DTCC) and SWIFT, and consequently recommended by the umbrella Global Financial Markets Association (GFMA) trade association. In this solution, SWIFT would act as the registration authority, acting on behalf of International Organization for Standardization (ISO) to assign the ISO 17442 LEI standard. DTCC would act as the facilities manager which will receive, review and publish entity information.
Additional Information
Legal Entity Identifiers Program
LEI Readiness: Instant Integration with Alacra Concordance - A NEW Alacra Whitepaper
Who it affects
All parties to financial contracts.
Wikipedia Entry
http://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation