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Derivatives: OTC derivatives hold their own

By Gillian Tett

Published: November 16 2007 10:11 | Last updated: November 16 2007 10:11

When the Deposit Trust and Clearing Corporation, a body jointly owned by a collection of Wall Street financial groups, was first established several decades ago, its mission focused on a corner of finance considered central to markets – stocks and shares.

For what the DTCC essentially did was to provide a service to help investors settle their share trades on exchanges – thus ensuring that the markets could operate smoothly, in a climate of trust.

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