Canadian Derivatives Clearing Corporation - CDCC

Filed Under » , , , , ,
Dictionary Says

Definition of 'Canadian Derivatives Clearing Corporation - CDCC'

The central clearing counterparty for exchange-traded derivative products, such as options and futures, in Canada. The Canadian Derivatives Clearing Corporation (CDCC) also acts as the clearinghouse for a growing range of over-the-counter financial instruments including fixed income and foreign exchange, and is the only integrated central clearing counterparty in North America that clears and settles options, futures and options on futures. CDCC is a wholly-owned subsidiary of the Montreal Exchange.
Investopedia Says

Investopedia explains 'Canadian Derivatives Clearing Corporation - CDCC'

The organization was first referred to as Trans Canada Options (TCO), which was established in 1977 through the merger of the Montreal and Toronto options clearinghouses. Trans Canada Options changed its name to Canadian Derivatives Clearing Corporation in 1996. In 2000, CDCC became entirely owned by the Montreal Exchange. In 2008, the Montreal exchange and the TSX group merged to become the TMX group, the current owner and operator of the CDCC.

Articles Of Interest

  1.

    Derivatives 101

    Learn how to use this type of investment as an alternative way to participate in the market.

  2. Surveying Single Stock Futures

    These contracts allow for easier shorting, and provide more leverage and flexibility than stocks.

  3. The Nitty-Gritty Of Executing A Trade

    Ever wonder what happens behind the scenes when you buy or sell a stock? Read on and find out!

  4. Inside National Payment Systems

    The global interconnection of U.S. payment systems makes commerical and financial transfers possible.

  5. What is the haircut rate imposed by clearing corporations?

    A haircut rate is a measure that reduces the value of any collateral used in a loan to ensure that when the effects of volatility and adverse price changes are taken into consideration, the collateral ...

  6. How Interest Rates Affect The Housing Market

    Understand how rate changes can affect home prices, and learn how you can keep up.

  7. Basic Investment Objectives

    You might know about different asset types, but do you know how each type contributes to a particular goal?

  8. Exploring The Current Account In The Balance Of Payments

    Learn how a country's current account balance reflects the country's economic health.

  9. Break Into Forex In 12 Steps

    Learn how to get started in forex trading.

  10. Canadians: Smart Ways To Use Your Tax Refund

    Taxes are an annoying annual chore akin to going to the dentist. Luckily, however, some of us get a nice tax refund after the process. It's important to use this refund wisely though, and Canadians ...
comments powered by Disqus
Marketplace
Hot Definitions

  1. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  2. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  3. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  4. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  5. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  6. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=e92233a81b2348c215202f534fe1ca4c