Date
25/05/2021
The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today released a new white paper that explores the risks created by U.S. Treasury market fragmentation. The paper,
,
examines growing concerns around the increased adoption of bilateral clearing for Treasury activity and details the benefits of unifying the market under a central clearing model.
Today, Treasury market activity is split between two disparate clearing processes: bilaterally cleared transactions, and centrally cleared transactions via DTCC’s Fixed Income Clearing Corporation (FICC). According to the white paper, interdealer brokers (IDBs) are frequently executing transactions between FICC members and non-FICC members, in which one side of the trade is centrally cleared and the other is bilaterally cleared. The paper notes that this fragmentation is creating “contagion risk,” in part because if a non-FI
ATLANTA (dpa-AFX) - Delta Air Lines Inc. (DAL, DALRQ.PK) disclosed in a regulatory filing that it has appointed Daniel Janki, 53, as its Chief Financial Officer, effective July 12, 2021. Before
As the nation’s largest Black-owned management consulting firm, providing comprehensive solutions in areas of management, talent, and diversity, equity, and
Traders Magazine
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
New York/London/Hong Kong/Singapore/Sydney, 24 February 2021 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today released a two-year industry roadmap for shortening the settlement cycle for U.S. equities to one business day after the trade is executed (T+1). In its latest paper,