DTCC processes 10 million SSIs as part of industry effort to minimise settlement failures
The landmark figure is part of an industry effort to significantly improve securities settlement efficiency rates ahead of the Settle Discipline Regime (SDR).
The landmark figure is part of an industry effort to significantly improve securities settlement efficiency rates ahead of the Settle Discipline Regime (SDR).
A new white paper highlights the benefits of moving to a T+1 settlement cycle and details plans to achieve this in two years.
The comments were made before the US House of Representatives’ Committee of Financial Services, which discussed the increased volatility from retail traders in January.
Following the launch of Project Ion to explore the possibility of a T+0 settlement cycle, its research found the initiative is currently not applicable to the market.
For asset managers that seek to use a third-party vendor to manage their CSDR compliance, time is running out to finalise those relationships.
Set to launch in Q3 2021, the DTCC SFT clearing service would offer both direct access and a sponsored membership model to buy-side firms.
Regulators seek to minimise the potentially wide-spread impact of Brexit on Europe’s capital markets.
HKEX will use DAML-developed smart contracts and has partnered with DTCC to streamline and automate Northbound Stock Connect post-trade processes.
The spike in trade settlement fails across the US and Europe highlighted the urgency for post-trade automation.
The addition will help support several of DTCC’s projects as it seeks to transform the securities post-trade process.