FICC (Fixed Income Clearing Corporation)

The Fixed Income Clearing Corporation (FICC) is a financial organization that helps facilitate the buying and selling of government securities and mortgage-backed securities. It acts as a central clearinghouse, ensuring that both buyers and sellers fulfill their payment obligations, which reduces the risk of default. By clearing and settling trades efficiently, FICC provides stability and liquidity to the financial markets. Essentially, it ensures that transactions are completed securely and smoothly, helping investors and institutions trade with confidence while reducing the chances of financial disruptions.