DTCC Proposes Approach To Shortening U.S. Settlement Cycle To T+1 Within 2 Years- New White Paper Highlights The Benefits Of Moving To A T+1 Settlement Cycle, And Details Plan To Continue Building Industry Support - Paper Also Provides Updates On Efforts Already Underway To Increase Settlement Efficiency And Reduce Risk
DTCC Proposes Approach To Shortening U.S. Settlement Cycle To T+1 Within 2 Years- New White Paper Highlights The Benefits Of Moving To A T+1 Settlement Cycle, And Details Plan To Continue Building Industry Support - Paper Also Provides Updates On Efforts Already Underway To Increase Settlement Efficiency And Reduce Risk
Click HERE to find out ⭐ The Depository Trust & Clearing Corporation Advocates Transition to T+1 Settlement. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Broadridge to Become an Approved SFT Submitter for DTCC s Securities Financing Transaction Clearing Service
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Solutions, Inc. (NYSE:BR), a global Fintech leader, in partnership with The Depository Trust & Clearing Corporation (DTCC), has begun development to support its role as an Approved SFT Submitter as it prepares for the launch of the new Securities Financing Transaction (SFT) Clearing service. The proposed new SFT Clearing service, supporting central clearing and settlement services for overnight borrows and loans of equity securities, will be offered by National Securities Clearing Corporation (NSCC), the equity clearing subsidiary of DTCC. We are excited to be working with NSCC and DTCC to provide a seamless solution to the securities finance business domain, said Vijay Mayadas, President of Capital Markets at Broadridge. Our position as Approved SFT Submitter ensures our clients will benefit from further integration, automation and
Traders Magazine
Mike Bodson, President & CEO, DTCC
The extreme market volatility and volume experienced during the early days of the pandemic reinforced the critical role that market infrastructures play in protecting the safety and stability of the global financial system. The crisis also shined a light on the need for increased automation to strengthen resilience, reduce risk and costs and enhance efficiencies. Looking forward, we expect automation and fintech to continue to shape financial markets, but unlike the past, new technology solutions likely won’t be implemented with a Big Bang approach. Firms will want to balance legacy systems and new technology for a period of time to mitigate risk and manage costs. We also expect to see an acceleration in companies wanting new products and services developed rapidly and incrementally to meet their immediate needs, rather than a wholesale overhaul that may take years or be cost-prohibitive to implement. As new technologies
DTCC Executive 2021 Predictions
Mike Bodson, President & CEO, DTCC
The extreme market volatility and volume experienced during the early days of the pandemic reinforced the critical role that market infrastructures play in protecting the safety and stability of the global financial system. The crisis also shined a light on the need for increased automation to strengthen resilience, reduce risk and costs and enhance efficiencies. Looking forward, we expect automation and fintech to continue to shape financial markets, but unlike the past, new technology solutions likely won’t be implemented with a Big Bang approach. Firms will want to balance legacy systems and new technology for a period of time to mitigate risk and manage costs. We also expect to see an acceleration in companies wanting new products and services developed rapidly and incrementally to meet their immediate needs, rather than a wholesale overhaul that may take years or be cost prohibitive to implement. As new