Euroclear - The world's largest settlement system for securities transactions, covering both bonds and equities. Clearstream - International settlement and custody organization, offering services for domestic and cross-border equities, bonds and investment funds. Depository Trust and Clearing Corporation - Provides clearance, settlement and information services for virtually all equity, corporate debt, municipal debt, government securities, mortgage-backed securities, and emerging market sovereign debt trades in the U.S. TriOptima - Operator of TriReduce, a multilateral swap tear-up service. Options Clearing Corporation - OCC is the issuer and registered clearing facility for all U.S. exchange-listed securities options, including those traded on the American Stock Exchange, the Chicago Board Options Exchange, the Pacific Exchange, the Philadelphia Stock Exchange and The International Securities Exchange. Canadian Derivatives Clearing Corporation - CDCC is the issuer, clearing house, and hence guarantor of exchange-traded interest rate and equity derivative contracts traded in Canada. Monte Titoli - Provides custody, administration, clearing and settlement services for Italian securities. VPC - Clears and settles all trades in the Swedish cash and equity markets. Værdipapircentralen - Clears and settles virtually all securities listed on the Copenhagen Stock Exchange. Norwegian Central Securities Depository - Also provides DvP in NOK in central bank money, and DvP in Euro in commercial bank money. Icelandic Securities Depository - The ISD is a registry, a depository and a clearing house for the settlement of equities and bonds in dematerialised form. Continuous Linked Settlement - Clearing house that eliminates settlement risk in FX, allowing payment-versus-payment in central-bank funds in USD, EUR, JPY, GBP, CHF, CAD, AUD, DKK, SEK, NOK, SGD, NZD, ZAR, HKD, and KRW. LCH.Clearnet - Formed by a merger of The London Clearing House Limited and Clearnet, LCH.Clearnet clears swaps, equity settlement, energy, bonds and repo, and futures.