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Fixed Income Clearing Events

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The Fixed Income Clearing Corporation (FICC) was created in 2003 to reduce costs and give DTCC customers a common approach to fixed income transaction processing by integrating the Government Securities Clearing Corporation and the Mortgage-Backed Securities Clearing Corporation.

 

Corporate, Municipals, and UITs (CMU)

The Corporate, Municipal, and UITs (CMU) system provides all of its customers with RTTM - a single pipeline, a common processing platform, and a standardized message format for the U.S. fixed income markets. RTTM reduces execution and settlement risk as well as costs because it allows customers to maximize the volume of trades that match on trade date, and ensures that trades are locked in and ready for settlement, moments after they've been submitted. It also allows firms to fix any processing problems the same day when an error occurs, rather than waiting for the following morning, as in the previous batch processing system.

 

 

Government Securities Division (GSD)

The Government Securities Division (GSD) is the leading provider of trade comparison, netting and settlement for the Government securities marketplace. GSD offers a suite of services to support and facilitate the submission, comparison, risk management, netting and settlement of trades executed by its Members in the U.S. Government securities market. GSD clients include the nation's major brokers and dealers, as well as a wide range of entities that trade U.S. Government securities.

 

Mortgage-Backed Securities (MBS)

The Mortgage-Backed Securities Division (MBSD) is the sole provider of automated post-trade comparison, netting, electronic pool notification, pool comparison, pool netting and pool settlement services to the mortgage-backed securities market thus providing greater efficiency, transparency and risk mitigation to this specialized market.

 


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    GSD - DVP Membership

    The objective of this curriculum is to provide new user-level training related to the FICC GSD DVP Service.

    GSD - GCF Repo® Service Membership

    The objective of this curriculum is to provide new user-level training related to the FICC GSD GCF Repo® Service.

    To view most FICC FAQs you will need to first log into your Learning Center User Account.

    Corporate, Municipal, and UITs (CMU) RTTM FAQs

    View a list of frequently asked questions about CMU RTTM. You can also access and print the PDF version of the FAQs for Real-Time Trade Matching (RTTM) Processing for CMU Trades


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    A: For more information about the RTRS system, do one of the following:

    • Visit the Municipal Securities Rulemaking Board (MSRB) web site available at http://www.msrb.org.
    • Call 1 202 838-1330 and ask to speak with a transaction reporting specialist.
    • Email This email address is being protected from spambots. You need JavaScript enabled to view it..
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    A: Visit the New Issue: Cancellations, Late Notification of Settlement, or Other late Security Masterfile Updates section available at: http://www.dtcc.com/clearing-services/ficc-cmu/ficc-cmu-user-documentation.aspx

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    A: For CMU matching questions, do one of the following:

    A: For RTTM® Web Password issues:

    • If you are not a super access coordinator (SAC) or access coordinator at your firm, contact your firm’s
      access coordinator to reset your password.
    • If you are a SAC or access coordinator for your firm, call DTCC Client Support at 1 888 382-2721 (select option 5, and then 1).

    See also: CMU RTTM Super Access Coordinator User Guide.

    A: For problems with data communication or RTTM Web access issues or further CMU matching
    questions, call DTCC Client Support at 1 888 382-2721 (select option 5, and then 4).


    FICC Customer Reporting (FIR) FAQs

    You may also wish to review the pdf FICC Risk Reporting Guide (FIR Application) (2.04 MB) .

    Government Securities Division (GSD)

    DVP FOS FAQs

    DVP FOS Key Terms FAQs

    Floating Rate Notes FAQs

    GCF Repo® Billing FAQs

    GCF Repo® FOS FAQs

    GCF Repo® FOS Key Terms FAQs

    GCF Repo® Risk Management FAQs

    You may also wish to review the  pdf GSD Risk Reporting Guide (RTTM Reports) (19.92 MB) .

    General GSD Risk Management FAQs

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