Fixed Income Clearing Corporation (FICC)
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Definition of 'Fixed Income Clearing Corporation (FICC)'
An agency that deals with the confirmation, settlement and delivery of fixed-income assets in the U.S. The agency ensures the systematic and efficient settlement of U.S. Government securities and mortgage-backed security transactions in the market.
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Investopedia explains 'Fixed Income Clearing Corporation (FICC)'
The FICC started operations at the start of 2003 and was created when the Government Securities Clearing Corporation and the Mortgage-Backed Security Clearing Corporation merged. The clearing corporation is divided into two sections: the government securities division and the mortgage-backed securities division.
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Search results for 'Fixed Income Clearing Corporation - FICC'
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http://www.investopedia.com/exam-guide/series-7/securities-transactions/settlement-rules.asp
... Settling Federal Government Securities: The FICC Federal government securities are
settled through the Fixed Income Clearing Corporation (FICC), which compares ...
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