Guide to Clearance & Settlement

Guide to Clearance & Settlement is an overview of The Depository Trust & Clearing Corporation (DTCC), whose sophisticated infrastructure and risk management systems provide essential services to US and global capital markets. The guide explains clearing, netting, and settling - the essential elements of post-trade processing - and the role of a central counterparty in ensuring completion of equity and fixed-income transactions. It looks, as well, at the increasing number of solutions DTCC provides for financial firms at home and around the world.

Virginia B. Morris is the editorial director of Lightbulb Press. She oversees the development of a wide range of consumer content on investing, personal finance, and the financial markets for print and interactive media. She serves as a consultant for financial literacy and consumer education organizatons for both adults and young people, and she's a frequent guest speaker on financial radio and television programs, as well as at national conferences.

Stuart Z. Goldstein is Managing Director of Corporate Communications and has been chief spokesperson for The Depository Trust & Clearing Corporation (DTCC) since its creation in 1999, and for its National Securities Clearing Corporation since 1992. He is responsible for overseeing the firm's media relations program, crisis management, executive communications, public affairs activites, internal communications and corporate Web Strategy.

He is an accomplished writer and has published numerous articles on trends in the field of corporate communications and is a frequent newspaper op-ed contributor on public policy issues. Most recently, he has served as editor of Clearing the Way, a special purpose magazine distributed globally on market infrastructure issues.