DTCC Signs 3 Banks to Default Swap Matching

Walker, Susanne
May 2003
Bond Buyer;5/6/2003, Vol. 344 Issue 31629, p6
Trade Publication
The Depository Trust & Clearing Corp. (DTCC) has signed up J.P. Morgan Chase, Deutsche Bank, and Morgan Stanley to its automated matching service for credit default substitution, which is expected to launch in June 2003. DTCC provides clearance, settlement, and information services for municipal debt, equities, corporate debt, government securities, mortgage-backed securities, and emerging markets debt. It will provide services for a monthly fee and a per-transaction fee, said Steve Letzler, director of communications.


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