The Depository Trust & Clearing Corp. said that it will not change any valuations of securities required as collateral for the activities of Fixed Income Clearing Corp. as a result of Standard & Poor's downgrade of its rating on U.S. government debt.
The collateral is used in the FICC’s Government Securities Division Clearing Fund and the Mortgage Backed Securities Division’s Participants Fund. FICC is a subsidiary of DTCC.
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