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  • FICC New User Training

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    The content in this section explains topics and tasks involved in the post-trade processing of the products, services, and systems provided by the Fixed Income Clearing Corporation, specifically related to Government Securities (GS), Mortgage-Backed Securities (MBS), Corporate Securities, Municipal Securities, and Unit Investment Trusts (CMU). The content in these three categories assumes prior...
  • Fixed Income Clearing Learning Center

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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...
  • FICC Loss Allocation Overview

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    The FICC Loss Allocation Overview eLearning is divided into three parts. The eLearning assumes you will watch all three parts in order as the information in each builds on the part which precedes it. The Resources link provides access to transcripts for each part, and a Knowledge Check is included in Part 3 to solidify your comprehension of the concepts. You will also have the opportunity to...
  • FICC Loss Allocation Overview

    0.00 ( 0 votes )
    The FICC Loss Allocation Overview eLearning is divided into three parts. The eLearning assumes you will watch all three parts in order as the information in each builds on the part which precedes it. The Resources link provides access to transcripts for each part, and a Knowledge Check is included in Part 3 to solidify your comprehension of the concepts. You will also have the opportunity to...
  • GCF Repo® Service

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    Within the GCF Repo ® Service section of the Learning Center, you can learn about: GCF Repo Service generic CUSIPs, the GCF Repo Index®, GCF Trade Matching, GCF Netting and Settlement, GCF Funds Only Settlement (FOS), and the GCF Schedule of Timeframes. You may also review GCF Repo Service-related reference documents and GCF Repo Service Frequently Asked Questions. Select topics from the GCF...
  • GCF Repo® Frequently Asked Questions

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    This section provides a central location for FAQs and their answers related to the GCF Repo ® Service provided by GSD. Please select the FAQ topic your are interested in learning about from the topics listed below. You must log in to view all available content - content which requires a log in to view will not be visible unless you are logged in. Login then Scroll Down to Learn More GCF Repo...
  • DVP Service

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    Within the DVP Service section of the Learning Center, you can learn about: the Auction Takedown Service, DVP buy / sell transactions, DVP Repo transactions, DVP trade matching and comparison, DVP netting and settlement, DVP fail management, DVP Funds Only Settlement (FOS), and the DVP schedule of timeframes. You may also review DVP Repo Service-related reference documents and DVP Repo Service...
  • GSD Risk Frequently Asked Questions

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    This section provides a central location for all the FAQs and their answers related to Risk Management for GSD. Please select the FAQ topic you are interested in learning more about from the topics listed below. You must log in to view all available content - content which requires a log in to view will not be visible unless you are logged in. Login then Scroll Down to Learn More FICC Customer...
  • Sponsored Member Eligibility

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    Any legal entity from an FICC-approved jurisdiction that satisfies the Qualified Institutional Buyer (QIB) standard and has at least one Sponsoring Member willing to sponsor it into FICC/GSD membership is eligible to participate in the service as a Sponsored Member.
  • How the Service Works

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    FICC’s risk management of the arrangement occurs primarily at the Sponsoring Member level. All applications for Sponsoring Membership are decided on by FICC Management and the FICC Board of Directors. The Sponsoring Member is responsible to FICC for posting all of the Clearing Fund associated with the activity of the Sponsoring Member Omnibus Account, which is calculated twice daily on a gross...
  • Benefits

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    FICC has made it possible to bring a much larger percentage of the market into clearing, while still maintaining robust risk management standards. The benefits include: Reduction of counterparty risk through CCP guarantee of the completion of settlement in a member default scenario. Balance sheet and capital relief opportunities. Centrally clearing these transactions at FICC could alleviate...
  • Sponsored Service

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    The Sponsored Service offers eligible clients the ability to lend cash or eligible collateral via FICC-cleared DVP repo throughout the day, a transformation of the repo marketplace. Eligible transactions include two-directional (i.e., cash borrowing and cash lending) overnight and term DVP repo in U.S. Treasury and Agency securities and outright purchases and sales of such securities. Overview...
  • For More Information

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    To download the Sponsored Service Fact Sheet , please click here . To download answers to FAQ's , please click here . To request additional information , please click here .
  • GSD Risk Reports and Guides

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    Once you have gained access to the Customer Reporting Portal (FIR) and the Real-Time Trade Matching (RTTM ® ) application, you can check out learning materials related to the reports generated for participants on both applications. To access the documents below you will need to be logged in. GSD Risk Reporting Guides GSD Risk Reporting Guide (RTTM Reports) FICC Risk Reporting Guide (FIR...
  • Government Securities Division (GSD)

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    The Government Securities Division (GSD) of FICC The GSD Learning Center is designed as an educational resource to better equip Fixed Income Clearing Corporation's (FICC's) Government Securities Division (GSD) Netting Members and stakeholders with the tools needed to best use GSD's services. US Government Securities is the largest sector of the fixed income market. The GSD acts as a CCP...
  • EaSy Pool Introduction

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    Welcome to the EaSy Pool Web-Interactive Guide! This web-interactive guide provides step-by-step instructions about how to use the Electronic Pool Notification (EPN) EaSy Pool (ESP) service. You can submit all original notification (ON), don't know (DK), cancel and correct (CC), and cancel (CX) messages through EaSy Pool. This guide assumes a general knowledge of mortgage-backed securities,...
  • Pool Substitution Service Introduction

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    FICC's MBS Division provides the Pool Substitution message (or “CC” for Cancel/Correct) to support the simultaneous cancel of previously allocated pools with the notification of substituted pools. This benefit of this message is that it provides EPN members with time-stamped evidence of delivery of a Pool Substitution. Like all EPN message types the processing of the Pool Substitution message...
  • Electronic Pool Notification

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    The Electronic Pool Notification section explains: what electronic pool notification is, how to access the systems required to utilize electronic pool notification, how to locate and utilize the output and reports from the electronic pool notification process, and technical information required to optimize your use of the features, functions and backup of required systems. You must log in to...
  • Mortgage-Backed Securities Division (MBSD)

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    The Mortgage-Backed Securities Division (MBSD) section of the DTCC Learning Center provides information about all of the products and services of the Fixed income Clearning Corporations's Mortgage-Backed Securities Division. The Mortgage-Backed Securities Division (MBSD) is the sole provider of automated post-trade comparison, netting, electronic pool notification, pool comparison, pool netting...
  • MBSD Reports

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    When viewing MBSD Report Center , several links or menus can be seen: MBS Clearing, MBS RTTM, and MBS PoolNet. To help our clients better understand the reports produced in these categories, we have created several report guides which explain the purpose of each report, the formats in which it is available, its report headers and its data elements. For each of the menus in MBSD Report Center,...

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