Client education the key focus for custodians ahead of T+1 switch
Education on the affirmation process is particularly important for Europe and Asia-based clients.
Tag: DTCC
T+1 testing progressing well as custodians prep T-Day ‘war rooms’
DTCC happy with the level of participation across its testing cycles, so far only encountering some “minor setup issues”.
Europe ‘must walk before it can run’ with T+1
Executives from the DTCC, Goldman Sachs, JP Morgan and AFME want to see an improvement in settlement efficiency in Europe before committing to a shortened settlement cycle.
DTCC and Nomura Research Institute collaborate to improve post-trade automation and efficiency in Japan
The move comes as firms prepare for the 2024 implementation of T+1 settlement cycles in the US; addresses domestic and cross-border transactions.
DTCC’s NSCC processes first trade on new SFT clearing service
New service leverages Provable Markets' Aurora, and connectivity and integration from FIS to clear first trade.
Post-trade issues are costly, slow innovation and increase risk, finds report
Conclusions from dedicated task force present current challenges in post-trade processes as well as recommendations on how to address them.
DTCC targets first half of 2024 for move to T+1
SIFMA, ICI and DTCC say T+1 shift will occur in 2024 to give firms and regulators enough time to prepare and test.
National Australia Bank to submit and maintain SSIs on DTCC’s ALERT service
The new agreement will bring greater automation and improved accuracy to the post-trade lifecycle.
Group of CSDs and CCPs re-evaluate data protection as cyber threats evolve
Industry working group identifies opportunities to better protect financial market infrastructures’ data in case of cyber-attacks.
State Street connects collateral platform to DTCC’s MTU
State Street continues to build out new capabilities to drive forward its financing solutions and collateral optimisation group.