Depository Trust & Clearing Corporation

Clearing & Post-Trade

34 FIs Have Joined Swift Service for Addressing Settlement Fails

By Editors | 19/05/2023

The service leverages the UTI to link all Swift messages related to the same securities settlement flow in a transaction chain.

Clearing & Post-Trade

AFME Announces Establishment of T+1 Industry Taskforce

By Editors | 02/03/2023

The task force will assess whether Europe should follow the US and other jurisdictions in moving to shorter settlement cycles.

Clearing & Post-Trade

DTCC Publishes Testing Framework for US Move to T+1 Settlement

By Editors | 30/01/2023

The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.

Emerging Prudential Risks

Geopolitical Risk Cited as Top Risk to Financial Industry: DTCC

By Editors | 08/12/2022

The top three threats in DTCC’s latest Systemic Risk Barometer survey were geopolitical risks & trade tensions, inflation, and cyber risk.

CBDCs

DTCC Publishes Findings from Experimental CBDC Work

By Editors | 02/12/2022

The prototype developed was able to connect two distinct asset networks to enable “secure, resilient, and efficient security settlement with CBDC.”

Clearing & Post-Trade

BNP Paribas Completes Successful DRR Test for CFTC Rewrite

By Editors | 03/11/2022

BNP Paribas is ready to implement Digital Regulatory Reporting for the CFTC’s new swap data reporting rules coming into effect on 5 December.

Cybersecurity

DTCC Warns of Risks from Quantum Computing Technology

By Editors | 23/09/2022

DTCC outlines steps firms should take to prepare for the emergence of new post-quantum cryptography standards. Final standards are scheduled for 2024.

Clearing & Post-Trade

DTCC Goes Live With New DLT-Based Settlement Platform

By Editors | 23/08/2022

The Project Ion platform is now parallel processing an average of over 100,000 bilateral equity transactions per day.

Clearing & Post-Trade

Guidance Issued for US Transition to T+1 Securities Settlement

By Editors | 02/08/2022

DTCC, SIFMA  and ICI have published guidance to help market participants prepare for the US transition to a T+1 securities settlement cycle in 2024.