Triple

Given a phrase, classify it is english named entity (e.g., persons, organizations, works of art) in Latin script, or not (e.g., literals, dates, URLs, verbose phrases). For disambiguation, the statement where the phrase occurs as object is also given. Please return a JSON object with `phrase` (string, the phrase being analyzed) and `is_ne` (boolean, indicating whether the phrase is a Named Entity).

Phrase: Fixed Income Clearing Corporation | Statement: [DTCC, subsidiary, Fixed Income Clearing Corporation]

Target entity: Fixed Income Clearing Corporation
Context triple: [DTCC, subsidiary, Fixed Income Clearing Corporation]

• A. National Securities Clearing Corporation Limited
  National Securities Clearing Corporation Limited is the clearing and settlement arm of the Indian capital markets that manages counterparty risk and ensures smooth completion of trades executed on the National Stock Exchange of India.
• B. National Securities Clearing Corporation
  The National Securities Clearing Corporation is a major U.S. central counterparty and clearing agency that facilitates the post-trade processing, netting, and settlement of equity and other securities transactions.
• C. New York Clearing House
  The New York Clearing House is a historic financial institution in New York City that served as a central hub for settling interbank transactions among major banks in the United States.
• D. CME Clearing
  CME Clearing is the central counterparty and risk management division of CME Group that clears and guarantees trades across its futures, options, and other derivatives markets.
• E. Nasdaq Clearing
  Nasdaq Clearing is a central counterparty clearing house operated by Nasdaq that manages and guarantees the clearing of trades in various financial instruments across Nordic and other European markets.
• F. None of above. chosen
• G. Unsure - the case is ambiguous/there is not enough information to decide.

Generate a one-sentence description of the target entity. 
You are given a context triple in the form (subject, predicate, object), where the object is the target entity. 
# Instructions
Use the triple to infer relevant information about the entity. Describe the entity based on what is most defining, well-known. 
Avoid repeating the information from the triple, unless really essential.
# Response Format
Return only the sentence: "Description: [one-sentence description of the target entity]"

Entity: Fixed Income Clearing Corporation
Triple: [DTCC, subsidiary, Fixed Income Clearing Corporation]

Fixed Income Clearing Corporation is a U.S. financial market utility that provides central clearing and settlement services for fixed-income securities such as government and mortgage-backed bonds.

Target entity: Fixed Income Clearing Corporation
Target entity description: Fixed Income Clearing Corporation is a U.S. financial market utility that provides central clearing and settlement services for fixed-income securities such as government and mortgage-backed bonds.

• A. National Securities Clearing Corporation Limited
  National Securities Clearing Corporation Limited is the clearing and settlement arm of the Indian capital markets that manages counterparty risk and ensures smooth completion of trades executed on the National Stock Exchange of India.
• B. National Securities Clearing Corporation
  The National Securities Clearing Corporation is a major U.S. central counterparty and clearing agency that facilitates the post-trade processing, netting, and settlement of equity and other securities transactions.
• C. New York Clearing House
  The New York Clearing House is a historic financial institution in New York City that served as a central hub for settling interbank transactions among major banks in the United States.
• D. CME Clearing
  CME Clearing is the central counterparty and risk management division of CME Group that clears and guarantees trades across its futures, options, and other derivatives markets.
• E. Nasdaq Clearing
  Nasdaq Clearing is a central counterparty clearing house operated by Nasdaq that manages and guarantees the clearing of trades in various financial instruments across Nordic and other European markets.
• F. None of above. chosen