DTCC to develop credit default swap warehouse
The Depository Trust and Clearing Corporation (DTCC) is developing a central trade information warehouse and support infrastructure to standardise how credit derivatives trades are processed across the industry.
The New York-based clearing and settlement company hopes the first phase of the new technology will be ready by mid-2006, and expects to eventually extend it to other over-the-counter derivatives products.
The warehouse will comprise a comprehensive database containing the 'golden copy' of
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