Clearing Corporation

The Clearing Corporation (TCC ) ( formerly known as CCorp and Board of Trade Clearing Corporation / BOTCC ) is an American company based in clearing and since March 6, 2009 a subsidiary of Intercontinental Exchange.

Background

The company was founded on 3 September 1925 and has since been offering clearing services for futures and options contracts on. The Company is subject to the laws of the State of Delaware. Shareholders are 17 different investment banks and market makers that are active in business with forward contracts.

As a result of the financial crisis from 2007 onwards and after the acquisition by the ICE TCC moved into the limelight since you are working in an offer to the clearing of credit default swap. Due to the increase counterparty risk in the trading of credit default swaps was virtually come to a complete standstill. The introduction of a central clearing house and central counterparty systemic threat is the future to eliminate and avoid re consequences of this kind of hoped.