The partnerships expand DTCC's support coverage for the incoming securities financing transaction regulation (SFTR).
LEI and UTI information will be required ahead of the SFTR deadline for large funds, according to an industry expert.
Three tier one banks sign up to DTCC's global trade repository (GTR) service for SFTR.
Panelists at AFME's Post-Trade conference in London argued T2S has failed to lower costs, enhance efficiencies, and overcome post-trade barriers.
The proposals aim to shift trading activity away from bilateral markets and towards central clearing.
The research explained how, for some firms, most settlement communications still occur through email instead of through secure networks.
The transaction immediately follows the recent regulatory approval for DTCC to expand the DTCC its sponsored service clearing programme.
Digital Asset open sources its smart contract language to the delight of securities services industry
Decision to enable integration with other platforms lauded by the likes of BNP Paribas, DTCC and Broadridge as enabling widespread blockchain development.
The expansion will also change how the service is used, with sponsors now able to let their clients trade with counterparties other than themselves.