What does Ficc mean Goldman Sachs?

FIXED INCOME, CURRENCY AND COMMODITIES
FIXED INCOME, CURRENCY AND COMMODITIES (FICC) — CUSTOMIZED SOLUTIONS IN A TURBULENT YEAR. Goldman Sachs seeks to develop innovative approaches to help clients during volatile times.

What are FICC products?

What is FICC Trading? It includes buying and selling of securities in both cash and derivative instruments for interest-rate products, credit products, mortgages, currencies and commodities. Investment banks usually maintain a portfolio of FICC securities to meet clients’ trading demand.

What does Ficc stand for?

Fixed Income Clearing Corporation
The Fixed Income Clearing Corporation (FICC) is a regulatory agency that deals with the confirmation, settlement, and delivery of fixed-income assets in the U.S. The FICC ensures the systematic and efficient settlement and clearing of U.S. government securities and mortgage-backed security (MBS) transactions in the …

What does Goldman Sachs operations division do?

Operations is integrated within our businesses and delivers banking, sales and trading, and asset management capabilities to all our clients. We work to protect the accuracy and efficiency at every step of the trade.

What is Ficc sponsored repo?

Sponsored repo is a transaction in which a dealer sponsors non-dealer counterparties onto Fixed Income Clearing Corporation’s (FICC) cleared repo platform – a system that matches and nets repo trades in U.S. government debt. As part of this, the dealer would have to put up its own capital against $100 of repo exposure.

Which division of FICC is responsible for settlement of Treasury securities?

The Government Securities Division (GSD) Securities transactions processed by FICC’s Government Securities Division include Treasury bills, bonds, notes, zero-coupon securities, government agency securities and inflation-indexed securities.

What are Ficc instruments?

FICC Instrument means any Financial Instruments which are, or are determined by reference to, bonds, debentures or other fixed income securities, or any currency; Sample 2.

What do FICC sales do?

Role Overview : – FICC Sales desk covers a wide variety of institutional clients (hedge funds, asset managers and corporates) for Fixed Income product universe including interest rate products, FX and Credit. – Coordinate with operations to help onboard new clients/funds and resolve any open issues.

How does FICC repo work?

Through its trade guarantee, FICC guarantees that participants will receive their repo collateral back at the close of the repo transaction, while reverse participants will receive the start amount paid at the repo’s inception, plus interest.

Is FICC a CCP?

Fixed Income Clearing Corporation (FICC), a wholly-owned subsidiary of The Depository Trust & Clearing Corporation (DTCC), is a central counterparty (CCP) and the leading provider of trade comparison, netting and settlement for the U.S. Government securities marketplace.