Tagged: dtcc

December 7, 2022 @ 4:44 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) has published its annual Systemic Risk Barometer Survey. The results should come as no surprise. According to DTCC: 68% of survey respondents cited Geopolitical Risks & Trade Tensions as a top threat, up from 49% last year 61%… Read More

December 2, 2022 @ 10:56 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), in partnership with The Digital Dollar Project (DDP) and Accenture, has published a white paper titled “Exploring Post-Trade Security Settlement with a US Central Bank Digital Currency.” The paper outlines the findings of a pilot project exploring how… Read More

November 7, 2022 @ 10:22 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) has announced the selection of Nashira Spencer as its new Chief Security Officer (CSO), effective today. Spencer will report to Tim Cuddihy, DTCC’s Group Chief Risk Officer. According to DTCC, Spencer brings 20 years of expertise in security management,… 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

August 22, 2022 @ 10:20 am By JD Alois  |  

DTCC Ion Platform Processing 100,000+ Transactions per Day The Depository Trust and Clearing Corporation (DTCC), a vital post-trade custody and asset servicing firm, says its blockchain-based platform Ion is live and in production, operating in parallel with its legacy system. DTCC shares that it has… Read More

August 1, 2022 @ 11:03 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), Securities Industry and Financial Markets Association (SIFMA) and the Investment Company Institute (ICI) have published a “playbook” on T+1 settlement. The T+1 Securities Settlement Industry Implementation Playbook outlines the approach to identifying the implementation activities, timelines, dependencies, and… 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

June 16, 2022 @ 4:32 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, revealed that its subsidiary, The Depository Trust Company (DTC), successfully “processed the U.S. market’s first-ever, fully-automated voluntary reorganization ISO 20022 instruction as part of its newly automated Voluntary… Read More

June 8, 2022 @ 10:08 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is looking to advise financial services firms with a new white paper that highlights the “risks of digital innovation.” The document is entitled “The Power of Technology Resilience: A Framework for the Industry,” and reviews the heightened risk… Read More

June 2, 2022 @ 10:25 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is reporting that the Securities and Exchange Commission (SEC) has approved the Securities Financing Transaction (SFT) Clearing Service proposal of the National Securities Clearing Corporation (NSCC), the equity clearing subsidiary of DTCC, to operate a central clearing and… Read More

May 5, 2022 @ 3:56 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) is out with a report warning about the interconnected risks of the global financial industry. As if we didn’t need something else to cause concern, DTCC says the nature of these risks continues to evolve occurring with greater… 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 30, 2022 @ 11:57 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC), a vitally important entity for global securities markets, has announced two new Board members while pointing to their Fintech experience. DTCC has been deeply engaged in researching new technology, including blockchain, as it seeks to maintain relevance in… 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

December 8, 2021 @ 10:55 am By JD Alois  |  

Cyber risk is the biggest threat to financial markets in 2022, according to a statement by The Depository Trust and Clearing Corporation (DTCC). This pronouncement should come as no surprise as the news is replete with reports of hacks and breaches by all kinds of… Read More

November 10, 2021 @ 3:51 pm By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) has announced a new platform for the issuance, transfer, and servicing of private market securities. DTCC is a service provider that processes the clearing and settlement for over $2 quadrillion of securities transactions every year.  The private securities… Read More

October 12, 2021 @ 10:27 am By JD Alois  |  

The Depository Trust & Clearing Corporation (DTCC) says that 99% of U.S. trade flow volumes on the legacy DTCC OASYS service have migrated or are in the process of migrating to Central Trade Manager (CTM). CTM is a platform for the central matching of cross-border… 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

July 12, 2021 @ 11:22 pm By Omar Faridi  |  

The European Securities and Markets Authority (ESMA), the European Union’s securities markets regulator, has reportedly fined DTCC Derivatives Repository Plc (DDRL) a total of €408,000 for seven infringements of the European Market Infrastructure Regulation (EMIR). The violations are related to (or involve) data confidentiality, data… Read More