FICC meaning in Business ?

Answer:

What is Fixed Income Clearing Corporation mean?

The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It performs the exchange of securities on behalf of buyers and sellers and functions as a central securities depository by providing central custody of securities.

DTCC was established in 1999 as a holding company to combine The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC). User-owned and directed, it automates, centralizes, standardizes, and streamlines processes in the capital markets. Through its subsidiaries, DTCC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, government and mortgage-backed securities, money market instruments, and over-the-counter derivatives. It also manages transactions between mutual funds and insurance carriers and their respective investors.

In 2011, DTCC settled the vast majority of securities transactions in the United States and close to $1.7 quadrillion in value worldwide, making it by far the highest financial value processor in the world. DTCC operates facilities in the New York metropolitan area, and at multiple locations in and outside the United States.

reference

Full Form	Category
Financial Institution Consulting Corporation	Business
Fixed Income Clearing Corporation	Business
Fixed Income, Currencies and Commodities	Business
Family Issues Charter Committee	Community
Future of Information and Communication Conference	Community
Firearms Industry Compliance Conference	Community
First Issues Collectors Club	Community
File Integrity Command Control	General
Fuqua International Communications Center	General
Fixed Income Currency And Commodities	General
Federation Internationale de Camping et de Caravanning	General
Federation International Camping And Caravanning	Governmental
Federal Interagency Coordinating Council	Governmental
Federation of Israeli Chambers of Commerce	Governmental