The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that the Securities and Exchange Commission (SEC) has approved rule changes allowing its Fixed Income Clearing Corporation (FICC) subsidiary to expand the availability of central clearing in the repo market, strengthening both the safety and efficiency of the marketplace. The rule approvals will allow institutional investors to participate in FICC either directly in the new Centrally Cleared Institutional Triparty (CCIT™) Service or indirectly through a sponsoring member bank.
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