DTCC launches sponsored general collateral service

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the launch of its Sponsored General Collateral (GC) Service, a new offering from its Fixed Income Clearing Corporation (FICC) subsidiary, and that the first trades have been executed by BNY Mellon, Federated Hermes and J.P. Morgan Securities LLC.