Tagged: depository trust & clearing corporation

March 14, 2023 @ 5:16 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services, announced that it has launched its new LIBOR Benchmark Replacement Index solution “to support the industry’s transition from LIBOR benchmark rates to Secured Overnight Financing Rate Data (SOFR) as… Read More

September 22, 2022 @ 11:16 pm By Omar Faridi  |  

As quantum computing creates vast new possibilities to analyze and solve complex problems that are unsolvable by today’s computers, it also has the potential “to disrupt entire industries and create significant new risks for financial firms by making even the most highly protected computer systems… Read More

July 28, 2022 @ 9:41 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced its subsidiary, The Depository Trust Company (DTC), has “connected its automated ClaimConnect solution to the claims processing platform offered by financial software provider Kingfield Corporation.” The partnership… Read More

June 30, 2022 @ 7:22 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the “premier” post-trade market infrastructure for the global financial services industry, recently announced that the community leveraging its DTCC Report Hub service “has grown to more than 70 firms, including leading banks, major swap dealers, and some of… Read More

April 26, 2022 @ 1:34 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC) recently announced that its Board of Directors has appointed Francis (Frank) La Salla, currently CEO of BNY Mellon’s Issuer Services business and a member of the BNY Mellon Executive Committee, as President and Chief Executive Officer (CEO) of… Read More

March 16, 2022 @ 8:13 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) has announced the launch of enhanced Institutional Trade Processing (ITP) service, ITP Data Analytics. According to DTCC, the new service includes analytical tools that enable Broker/Dealers and Investment Managers to measure and compare their operational performance against peers… Read More

July 16, 2021 @ 11:19 am By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the market infrastructure for the global financial services sector, reveals that it’s teaming up with Ebix, Inc. (NASDAQ: EBIX), an established international supplier of on-demand software and digital commerce services, in order to provide an automated annuity compliance… Read More

September 29, 2020 @ 11:29 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is looking towards the future of digital securities as the industry advances from physical certificates to digital assets. The DTCC touches about all security transactions. In 2019, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.15… Read More

December 18, 2019 @ 7:42 pm By Cali Haan  |  

Senior Executives from the Depository Trust & Clearing Corporation (DTCC) have provided reflections on what we might expect regarding financial market infrastructures in 2020. The DTCC is a market infrastructure provider that automates, centralizes and standardizes the processing of financial transactions. It’s responsibilities include, “settling trading… Read More

September 5, 2019 @ 11:03 pm By Cali Haan  |  

Accenture and the Depository Trust & Clearing Corporation (DTCC) are circulating a white paper which, “explores the generalized governance model that DTCC is implementing for its TIW-DDL system, a real-world implementation of DLT…(for the) financial industry.” DLT (distributed ledger technology) is an enterprise-adapted version of “blockchain”… Read More

March 17, 2019 @ 6:52 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) has published guidelines on security tokens and post trade responsibilities. The issuance of these guiding principles are an important step in the utilization of the issuance and ongoing trading of blockchain based securities tokens or crypto assets. DTCC… Read More

September 23, 2016 @ 3:31 pm By Samantha Hurst  |  

San Francisco fintech company, Ripple, announced on Friday that six major have teamed up to launch a new blockchain network on distributed financial technology. Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac Banking Corporation, and Royal Bank of Canada have teamed up to… Read More