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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.
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