ARTICLE
26 April 2017

DTCC Reports Handling $1.5 Quadrillion In Financial Transactions In 2016

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
In an interactive 2016 Annual Report, the Depository Trust and Clearing Corporation ("DTCC") highlighted "strong operating and financial performance" and set strategic priorities for the future.
United States Corporate/Commercial Law

In an interactive 2016 Annual Report, the Depository Trust and Clearing Corporation ("DTCC") highlighted "strong operating and financial performance" and set strategic priorities for the future. The DTCC reported that in 2016, it cleared and settled an average of 100 million transactions each business day, handled $1.5 quadrillion in financial transactions, and generated a $1.7 billion increase in revenue over the prior year. The DTCC also noted that it reduced long-term debt and overall leverage by 87%, as compared to peak levels in early 2014.

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