The Depository Trust & Clearing Corporation (DTCC) announced today that the Mortgage-Backed Securities Division (MBSD) of its Fixed Income Clearing Corporation (FICC) subsidiary has filed an application with the U.S. Securities and Exchange Commission to provide central counterparty (CCP) and pool netting services for trades in U.S. mortgage-backed securities. This initiative is designed to reduce the risks and costs associated with trading in the $100 trillion-a-year market.

The Depository Trust & Clearing Corporation (DTCC) today announced the launch of its global, over-the-counter (OTC) interest rates derivatives trade repository.  

DTCC’s Global Trade Repository for Interest Rates for this US$553.8 trillion market (approximately €414 trillion or £356 trillion) will be based in London.  Data from 15 of the largest global dealers is now being submitted into the repository.

The Depository Trust & Clearing Corporation (DTCC) announced today that it has launched enhancements to its Cost Basis Reporting Service (CBRS) to help customers comply with federal cost basis reporting regulations for mutual fund assets, which take effect in January 2012. 

The CBRS platform provides a secure, automated and centralized communications hub for passing cost basis information from one participant to another on all asset transfers among broker/dealers, transfer agents, issuers, mutual funds and custodian banks in a secure electronic environment. The service, accessible through both automated computer to computer connections and via the Internet, allows financial intermediaries to pass their customers’ cost basis information on assets transferred through NSCC’s Automated Customer Account Transfer Service (ACATS), Fund/SERV®, Networking, and many other transactions.

Information Mosaic’s corporate actions automation solution, IMActions™, will be the application certified by DTCC in conjunction with its Global Corporate Actions Validation Service (GCA VS Service), in line with their Certified Software Partner Agreement.

Bravura Solutions Limited today announced that it has boosted the straight through processing capabilities of its financial messaging platform, Babel, with a securely managed and reliable technology connection to The Depository Trust and Clearing Corporation.

The Depository Trust & Clearing Corporation (DTCC) today announced that James E. Odell has joined the company as First Deputy General Counsel (Deputy GC).

DTCC and Clearstream partner to enhance Loan/SERV for the registration and reconciliation of bilateral loans.

White paper says changes will reduce risk and boost liquidity efficiencies for the industry.