Press Releaseshttps://www.dtcc.com/rss-feeds/news/press-releasesSubscribe to get the latest press releases published by DTCC. en60{3B024800-04DB-40E3-B8FC-A26F064AFDF6}https://www.dtcc.com/news/2022/august/10/dtcc-launches-1042-s-classification-announcementDTCC Launches New DTC Service Designed to Help Lower Excess Tax Withheld for Non-US InvestorsThe Depository Trust Company (DTC), today announced the launch of a new DTCC service, the 1042-S Classification Announcement (“1042-S Announcement”), following recent U.S. Securities and Exchange Commission (SEC) approval.Wed, 10 Aug 2022 00:00:00 -0500{4F5D483A-BF1C-42A4-B6BC-7717AF9AE978}https://www.dtcc.com/news/2022/august/03/dtccs-margin-transit-utility-is-now-connected-to-all-major-triparty-agentsDTCC’s Margin Transit Utility (MTU) is now Connected to all Major Triparty Agents, Transforming Collateral Management Process for the IndustryWith this milestone, the MTU Triparty Messaging Service provides dealers and buy-side firms a single interface to seamlessly connect with triparty agents, eliminating multiple connectivity builds.Wed, 03 Aug 2022 00:00:00 -0500{435AB2F0-0D44-42C9-9220-A47D8023FB32}https://www.dtcc.com/news/2022/august/01/implementation-playbookSIFMA, ICI and DTCC Publish T+1 Implementation Playbook as the Industry Readies for Accelerated SettlementThe Depository Trust Company (DTC), has connected its automated ClaimConnect solution to the claims processing platform offered by leading financial software provider Kingfield Corporation.Mon, 01 Aug 2022 00:00:00 -0500{020EC216-A982-49DB-B145-1B9525F5DFD2}https://www.dtcc.com/news/2022/july/27/dtcc-partners-with-kingfield-to-transform-corporate-actions-claims-processDTCC Partners with Kingfield to Transform Corporate Actions Claims ProcessThe Depository Trust Company (DTC), has connected its automated ClaimConnect solution to the claims processing platform offered by leading financial software provider Kingfield Corporation.Wed, 27 Jul 2022 00:00:00 -0500{50E2689A-729C-41CC-808D-7EAE183EAC6F}https://www.dtcc.com/news/2022/july/19/dtcc-comments-on-senate-confirmation-of-michael-barr-at-the-federal-reserveDTCC Comments on Senate Confirmation of Michael Barr at the Federal ReserveThe Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the recent confirmation of Michael Barr at the Federal Reserve:Tue, 19 Jul 2022 00:00:00 -0500{E7E4470C-9D29-4A73-A4BA-A9F5AF6924B6}https://www.dtcc.com/news/2022/june/28/dtccs-report-hub-community-grows-to-over-70-firmsDTCC’s Report Hub Community Grows to Over 70 Firms as Industry Prepares for Global Derivatives Trade Reporting Regulatory Changes<p><strong>New York/London/Hong Kong/Singapore/Sydney, June 28, 2022</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that the community leveraging its DTCC Report Hub service has grown to more than 70 firms, including leading banks, major swap dealers, and some of the largest custodians, clearing houses and buy-side firms across the globe. The increased adoption of Report Hub comes as the industry prepares for forthcoming regulatory changes in global derivatives trade reporting. </p> Tue, 28 Jun 2022 12:34:00 -0500{6F8D7A0F-066F-45AC-8F39-D37D94D9E2D6}https://www.dtcc.com/news/2022/june/17/dtcc-comments-on-senate-confirmation-of-sec-commissionersDTCC Comments on Senate Confirmation of SEC Commissioners<p>The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the recent confirmations of two SEC Commissioners:</p>Fri, 17 Jun 2022 00:00:00 -0500{0D809F22-7149-414A-969C-280A1F452365}https://www.dtcc.com/news/2022/june/15/dtcc-achieves-automation-of-the-voluntary-corporate-actions-lifecycleDTCC Achieves Automation of the Voluntary Corporate Actions Lifecycle to Help Industry Navigate Rising Risks and Costs<p><strong>New York/London/Hong Kong/Singapore/Sydney, June 15, 2022</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announced that its subsidiary, The Depository Trust Company (DTC), successfully processed the U.S. market’s first-ever, fully-automated voluntary reorganization ISO 20022 instruction as part of its newly automated Voluntary Reorganization service.</p>Wed, 15 Jun 2022 00:00:00 -0500{CC2636B5-F7D0-4381-B97B-CE3CCD20FC13}https://www.dtcc.com/news/2022/june/08/dtcc-unveils-technology-resilience-principles-in-white-paperDTCC Unveils Technology Resilience Principles to Help Industry Further Protect Against Risks of Digital Innovation<p><strong>New York/London/Hong Kong/Singapore/Sydney, June 8, 2022</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today outlined enhanced resilience measures that financial firms should consider adopting to ensure the continued safety of the financial markets amid an increasingly complex technology landscape.</p>Wed, 08 Jun 2022 00:00:00 -0500{02435FC8-BA83-4B41-903E-79720199026A}https://www.dtcc.com/news/2022/june/02/dtccs-nscc-receives-sec-approval-to-provide-central-clearing-of-securities-financing-transactionsDTCC’s NSCC Receives SEC Approval to Provide Central Clearing of Securities Financing Transactions<p><strong>New York/London/Hong Kong/Singapore/Sydney, June 2, 2022</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that the U.S. Securities and Exchange Commission (SEC) has approved the Securities Financing Transaction (SFT) Clearing Service proposal of the National Securities Clearing Corporation (NSCC), the equity clearing subsidiary of DTCC, to operate a central clearing and settlement infrastructure for overnight borrows and loans of equity securities (collectively, securities financing transactions or “SFTs”).</p>Thu, 02 Jun 2022 00:00:00 -0500{9074666B-0C6E-44C6-BD04-C98A8C002802}https://www.dtcc.com/news/2022/may/12/dtcc-comments-on-senate-confirmation-of-federal-reserve-appointmentsDTCC Comments on Senate Confirmation of Federal Reserve Appointments<p>The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the recent confirmation of four appointments to the Federal Reserve:</p>Thu, 12 May 2022 15:51:54 -0500{171E0836-A12F-4340-8002-4D5BCF3860B4}https://www.dtcc.com/news/2022/may/04/dtcc-identifies-key-systemic-threatsDTCC Identifies Key Systemic Threats That Require Close Monitoring Amid Rapidly-Evolving Risk Landscape <p><strong>New York/London/Hong Kong/Singapore/Sydney, May 4, 2022</strong> ‒ As the nature of risk continues to evolve and black swan events occur with greater frequency, The Depository Trust & Clearing Corporation (<a href="http://www.dtcc.com/">DTCC</a>), the premier post-trade market infrastructure for the global financial services industry, today published a new white paper highlighting key risks that deserve close attention as firms navigate a global financial industry that is increasingly intertwined.</p>Wed, 04 May 2022 12:38:00 -0500{9A1D2CFA-435C-4625-A0C3-B7532187603A}https://www.dtcc.com/news/2022/april/25/dtcc-board-of-directors-appoints-frank-la-salla-president-and-chief-executive-officerDTCC Board of Directors Appoints Frank La Salla President & Chief Executive Officer<p><strong>New York/London/Hong Kong/Singapore/Sydney, April 25, 2022</strong> ‒ The Depository Trust & Clearing Corporation (DTCC) today announced that its Board of Directors has appointed Francis (Frank) La Salla, currently Chief Executive Officer of BNY Mellon’s Issuer Services business and a member of the BNY Mellon Executive Committee, as President and Chief Executive Officer (CEO) of the company, effective August 12. La Salla’s appointment as CEO reflects the Board’s long-term succession planning and rigorous search process with the scheduled retirement of Michael C. Bodson, who has served as DTCC’s CEO since July 2012.</p>Mon, 25 Apr 2022 00:00:00 -0500{C0B99019-100A-4C10-A580-704E09F14B4B}https://www.dtcc.com/news/2022/april/12/dtcc-building-industrys-first-prototype-to-supports-digital-us-currencyDTCC Building Industry's First Prototype to Support Digital U.S. Currency in The Clearing & Settlement Process as Part of Digital Dollar Project Effort<p><strong>New York/London/Hong Kong/Singapore/Sydney, April 12, 2022 ‒</strong> As the U.S. government advances its analysis into the risks and benefits of a Central Bank Digital Currency (CBDC), The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the development of the first prototype to explore how a CBDC might operate in the U.S clearing and settlement infrastructure leveraging distributed ledger technology (DLT). </p>Tue, 12 Apr 2022 12:38:00 -0500{1172E153-A99A-40EF-83D2-53277B7A3076}https://www.dtcc.com/news/2022/march/30/dtcc-appoints-two-leaders-in-financial-technology-innovation-to-its-board-of-directorsDTCC Appoints Two Leaders in Financial Technology Innovation to Its Board of Directors<p><strong>New York/London/Hong Kong/Singapore/Sydney, 30 March 2022</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, today announced that two new members were elected to its Board of Directors during the firm’s Annual Shareholders Meeting. The Board plays a critical role in setting the strategic direction of DTCC, providing oversight and offering guidance on topics including risk management, regulatory matters, technology, innovation and the development of new products and services.</p>Wed, 30 Mar 2022 12:38:00 -0500{BF82648A-98C5-4C89-ADA8-E7B5B424B6AA}https://www.dtcc.com/news/2022/march/29/dtcc-comments-on-senate-confirmation-of-new-cftc-commissionersDTCC COMMENTS ON SENATE CONFIRMATION OF NEW CFTC COMMISSIONERS<p>The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the Senate confirmation of four new CFTC Commissioners:</p>Tue, 29 Mar 2022 15:46:10 -0500{3981F804-D677-4412-9B94-043697408696}https://www.dtcc.com/news/2022/march/16/dtcc-launches-enhanced-post-tradeDTCC Launches Enhanced Post-Trade Data Analytics Service to Help Firms Analyze and Improve Their Operational Performance <p>The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the launch of its enhanced Institutional Trade Processing (ITP) service, ITP Data Analytics. </p>Wed, 16 Mar 2022 09:34:00 -0500{DFD44101-3A37-44D5-902E-251759D7AA5E}https://www.dtcc.com/news/2022/february/16/dtcc-launches-treasury-kinetics-serviceDTCC Launches Treasury Kinetics Service, Providing Access to Repo Trade Data Amid Market Uncertainty<p>The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the launch of DTCC Treasury Kinetics, a new service that provides access to critical U.S. </p>Wed, 16 Feb 2022 09:34:00 -0600{B7180746-3E2D-4EEA-8DD4-2487654EF375}https://www.dtcc.com/news/2021/december/17/dtcc-comments-on-senate-confirmation-of-new-cftc-chair-rostin-behnamDTCC Comments on Senate Confirmation of New CFTC Chair Rostin BehnamThe Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the Senate confirmation of new CFTC Chair Rostin Behnam:Fri, 17 Dec 2021 00:00:00 -0600{A3D7F6DD-E415-496C-BE81-F9C77E2D9CFA}https://www.dtcc.com/news/2021/december/07/inflation-and-climate-change-a-growing-threat-to-financial-marketsCyber Risk Seen as Top Threat to Financial Markets, With Increasing Concerns Around Inflation and Climate Change, According to New DTCC SurveyCyber risk, the COVID-19 pandemic and geopolitical tensions round out the top three threats overall, according to a new DTCC 2022 risk forecast survey.Tue, 07 Dec 2021 00:00:00 -0600{7DE88CE1-9C54-4D02-95E3-63855B394619}https://www.dtcc.com/news/2021/december/01/sifma-ici-and-dtcc-lay-out-path-to-shorten-us-securities-settlement-cycle-to-t1SIFMA, ICI and DTCC Lay Out Path to Shorten U.S. Securities Settlement Cycle to T+1 <strong>Washington, DC/New York/London/Hong Kong/Singapore/Sydney, December 1, 2021 —</strong>The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) today published a report targeting  the first half of 2024 to shorten the U.S. securities settlement cycle from trade date plus 2 days (T+2) to trade date plus one day (T+1).Wed, 01 Dec 2021 00:00:00 -0600{729E9342-F7CF-47F9-8994-9CC85E81444C}https://www.dtcc.com/news/2021/november/09/dtcc-to-launch-platform-to-digitalize-and-modernize-private-marketsDTCC to Launch Platform to Digitalize and Modernize Private Markets<p><strong><span>New York/London/Hong Kong/Singapore/Sydney, November 9, 2021 ‒ </span></strong><span>The Depository Trust & Clearing Corporation (</span><a href="http://www.dtcc.com/"><span>DTCC</span></a><span>), the premier post-trade market infrastructure for the global financial services industry, today announced a new platform to streamline the issuance, transfer and servicing of private market securities. As described in a new industry report, “</span><a href="https://www.dtcc.com/-/media/Files/PDFs/White-Paper/Digital-Securities-Management-Industry-Update-White-Paper.pdf"><span>Digital Securities Management: Bringing Private Markets Infrastructure Into the 21<sup>st</sup> Century</span></a><span>”, DTCC’s new Digital Securities Management (DSM) platform will, subject to regulatory approval, for the first time, provide an industry-wide solution that offers common market infrastructure and standards across private markets. The platform represents the next major milestone in DTCC’s efforts to bring automation, standardization and efficiency to the private markets, building upon its </span><a href="https://www.dtcc.com/~/media/Files/Downloads/settlement-asset-services/user-documentation/Project-Whitney-Paper.pdf"><span>Project Whitney case study.</span></a><span> </span></p>Tue, 09 Nov 2021 00:00:00 -0600{A80AA627-6ABC-482C-98D6-65CB2025C933}https://www.dtcc.com/news/2021/november/03/dtcc-exception-manager-provides-csdr-service-and-link-to-ctm-trade-matching-dataDTCC Exception Manager Provides CSDR Service and Link to CTM Trade Matching Data to Help Industry Prevent Settlement Fails<p><strong>New York/London/Hong Kong/Singapore/Sydney, 3 November 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that DTCC Exception Manager, its platform to publish, manage and communicate trade exceptions, will now offer an optional <a href="/csdr">Central Securities Depositories Regulation (CSDR)</a> service to assist clients by calculating predicted fail penalties, prioritizing exceptions by size of predicted penalty and generating claim emails.</p>Wed, 03 Nov 2021 00:00:00 -0500{FEE18E23-9DA8-4279-948F-290B2A62FD97}https://www.dtcc.com/news/2021/october/19/national-australia-bank-to-submit-and-maintain-settlement-and-account-data-on-dtcc-alertNational Australia Bank to Submit and Maintain Settlement & Account Data on DTCC Alert, Bringing Greater Automation and Accuracy to the Post-Trade Lifecycle<p><strong>New York/London/Hong Kong/Singapore/Sydney, 19 October 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that National Australia Bank Asset Servicing (NAS) has agreed to submit and maintain Standing Settlement Instructions (SSIs) directly via its ALERT service, the industry’s largest and most compliant web-based global database for the maintenance and communication of account and SSI data. NAS is now leveraging ALERT’s Global Custodian (GC) Direct workflow, which automates the exchange of SSIs between a custodian’s central repository and ALERT enabling the global custodian/prime broker to own and manage the SSI data for their buy-side clients, effectively creating the “golden copy” within the ALERT platform, further automating the maintenance of SSIs and driving reliable source data.</p> Tue, 19 Oct 2021 08:59:00 -0500{EC4618D8-582B-4B78-A1E3-4510BDA2FD94}https://www.dtcc.com/news/2021/october/12/over-1800-firms-agree-to-leverage-dtccs-ctmOver 1,800 Firms Agree to Leverage U.S. Institutional Trade Matching Capabilities in DTCC’s CTM<p><strong>New York/London/Hong Kong/Singapore/Sydney, 12 October 2021</strong> ‒ <span>The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that the community leveraging DTCC’s <a href="/institutional-trade-processing/itp/ctm">Central Trade Manager (CTM)</a> service for U.S. domestic trade matching has grown to over 1,800 firms.</span></p>Tue, 12 Oct 2021 00:00:00 -0500{E6F6D686-AF6C-4378-B82A-D3DCE1C4C36C}https://www.dtcc.com/news/2021/october/05/dtcc-outlines-path-to-implementing-central-clearing-across-us-treasury-transactionsDTCC Outlines Path to Implementing Central Clearing Across U.S. Treasury Transactions<p><strong>New York/London/Hong Kong/Singapore/Sydney, 5 October 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today issued a new white paper, “Making the U.S. Treasury Market Safer for All Participants: How FICC’s Open Access Model Promotes Central Clearing,” that explores how to advance central clearing around U.S. Treasury transactions. </p>Tue, 05 Oct 2021 00:00:00 -0500{E4B90893-B796-4AE4-9696-51B7670116C2}https://www.dtcc.com/news/2021/september/22/industry-working-group-identifies-opportunities-to-protect-dataIndustry Working Group Identifies Opportunities to Better Protect Financial Market Infrastructures’ Data as Cyber Threat Landscape Continues to Evolve<p><strong>New York/London/Hong Kong/Singapore/Sydney, 22 September 2021</strong> ‒ An independent Industry Working Group (IWG) sponsored by the CPMI-IOSCO Working Group on Cyber Resilience (WGCR), including representatives from The Depository Trust & Clearing Corporation (DTCC), Euroclear, the Federal Reserve Bank of New York, LCH, TMX Group and the Reserve Bank of Australia, today issued a whitepaper that explores data protection and validation as the cyber threat landscape continues to evolve.</p>Wed, 22 Sep 2021 12:17:00 -0500{CAFA52CE-D0D9-4A06-A5E8-BD8004AAAA22}https://www.dtcc.com/news/2021/september/15/dtccs-project-ion-platform-moves-to-development-phase-following-successful-pilot-with-industryDTCC’S Project ION Platform Moves to Development Phase Following Successful Pilot with Industry<p><strong>New York/London/Hong Kong/Singapore/Sydney, 15 September 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Project Ion initiative, an alternative settlement platform that leverages distributed ledger technology (DLT), will move into a development phase following a successful prototype pilot with leading market participant firms. </p>Wed, 15 Sep 2021 12:17:00 -0500{3D40DA26-75AA-4CAD-90D2-6BC4EFA552BA}https://www.dtcc.com/news/2021/september/07/dtccs-ficc-launches-new-sponsored-general-collateral-serviceDTCC's FICC Launches New Sponsored General Collateral Service as BNY Mellon, Federated Hermes and J.P. Morgan Securities Execute First Triparty Repo Trades<p>DTCC's FICC Launches New Sponsored General Collateral Service as BNY Mellon, Federated Hermes and J.P. Morgan Securities Execute First Triparty Repo Trades. </p> Tue, 07 Sep 2021 00:00:00 -0500{DB806E14-FA87-4392-A104-EC1F10F29479}https://www.dtcc.com/news/2021/august/17/sifma-ici-dtcc-comment-on-tplus1-effortSIFMA, ICI & DTCC COMMENT ON PROGRESS AROUND T+1 EFFORT IN LETTER TO CHAIR GENSLER <p>SIFMA, ICI and DTCC recently reached out to the SEC to update the Commission on the efforts of the financial services industry to shorten the securities settlement cycle to T+1.</p>Tue, 17 Aug 2021 00:00:00 -0500{BA5308F5-DAFC-4977-B49B-07D24842CD4A}https://www.dtcc.com/news/2021/august/11/dtcc-to-expand-apac-trade-reporting-servicesDTCC to Expand APAC Trade Reporting Services in Support of Upcoming MAS Requirements<p><strong>New York/London/Hong Kong/Singapore/Sydney, August 11, 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that its Global Trade Repository (GTR) service, via its legal entity, DTCC Data Repository (Singapore) Pte. Ltd. (DDRS), is ready to support in-scope Singapore firms with trade reporting services for the final phase of the Monetary Authority of Singapore’s (MAS) derivatives trade reporting requirements, which are scheduled to take effect on 1 October 2021.</p>Wed, 11 Aug 2021 00:00:00 -0500{9BE45867-8CD5-434D-8832-1358F57CDBA7}https://www.dtcc.com/news/2021/august/04/dtcc-launches-enhanced-cds-kinetics-platformDTCC Launches Enhanced CDS Kinetics Platform to Provide Increased Transparency Into Credit Default Swaps Markets<p><strong>New York/London/Hong Kong/Singapore/Sydney, August 4, 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced the launch of an enhanced DTCC CDS Kinetics platform to support growing demand for more transparency into the credit default swaps (CDS) market within the over-the-counter derivatives space.</p>Wed, 04 Aug 2021 00:00:00 -0500{D9B0DA87-90BE-413B-B6E0-A2A28A0AA3AF}https://www.dtcc.com/news/2021/july/20/dtccs-nscc-enhances-etf-solution-with-automated-collateral-management-processDTCC’S NSCC Enhances ETF Solution with Automated Collateral Management Process as Firms Navigate Volatility<p><strong>New York/London/Hong Kong/Singapore/Sydney, July 20, 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that its subsidiary, National Securities Clearing Corporation (NSCC), has launched an automated solution that streamlines and simplifies the Exchange-Traded Fund (ETF) collateral management process and adds new fixed income ETF capabilities, a critical step to freeing up capital and increasing operational efficiency during market uncertainty and volatility. Today, NSCC processes an average of 260,000 ETF create/redeem transactions every day.</p> Tue, 20 Jul 2021 09:19:00 -0500{030001FD-A46F-468A-A7F9-AB3281A6EC8F}https://www.dtcc.com/news/2021/july/13/dtcc-partners-with-ebix-to-deliver-new-solutionDTCC Partners with EBIX to Deliver New Solution to Address Increasing Challenges of Annuity Compliance<p><strong>New York/London/Hong Kong/Singapore/Sydney, July 13, 2021</strong> – The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that it is partnering with Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of on-demand software and e-commerce services, to deliver an automated annuity compliance solution to significantly increase efficiency, reduce costs, and lower the risks associated with certifying agent compliance for annuity sales. Under this partnership, the firms will link Ebix’s platform, AnnuityNet, with DTCC’s Producer Management Portal (PMP).</p>Tue, 13 Jul 2021 12:11:00 -0500{A851501D-3F38-4ECB-8557-47C5AF4C32E4}https://www.dtcc.com/news/2021/june/28/dtcc-provides-first-electronic-certificate-of-depositDTCC Provides First Electronic Certificate of Deposit as Part of Ongoing Effort to Lead Industry to Full Dematerialization<p>New electronic Certificates of Deposit (CD) platform is the latest milestone in the firm’s work to lower risks and costs for market participants by reducing the need for physical certificates.</p>Mon, 28 Jun 2021 14:26:00 -0500{34C7EBA8-7CAA-4D05-AE15-7ECDE14DB892}https://www.dtcc.com/news/2021/june/21/dtcc-appoints-jennifer-peve-as-head-of-strategy-and-business-developmentDTCC Appoints Jennifer Peve as Head of Strategy & Business Development<p>Peve will join the organization’s management committee and have responsibility for the firm’s global strategy, digital product development and strategic partnerships and alliances.</p>Mon, 21 Jun 2021 08:29:00 -0500{11CF98AC-194F-4153-91D9-FFF121816C7F}https://www.dtcc.com/news/2021/may/25/dtcc-highlights-need-for-increased-adoption-of-central-clearing-in-us-treasury-marketDTCC Highlights Need for Increased Adoption of Central Clearing in U.S. Treasury Market to Reduce Risk and Improve Resiliency<p>New white paper explores risks posed by fragmentation of U.S. Treasury market and details benefits of central clearing.</p>Tue, 25 May 2021 08:29:00 -0500{2EC1EE8F-C9EF-445D-9110-EC6BF63D129A}https://www.dtcc.com/news/2021/may/10/dtcc-receives-sec-approval-to-provide-security-based-swap-data-reporting-servicesDTCC Receives SEC Approval to Provide Security-Based Swap Data Reporting Services in the U.S.<p>DTCC Receives SEC Approval to Provide Security-Based Swap Data Reporting Services in the U.S.</p>Mon, 10 May 2021 00:00:00 -0500{46BFF666-C5EE-4D36-87D1-B9731FB508AF}https://www.dtcc.com/news/2021/april/28/sifma-ici-and-dtcc-leading-effort-to-shorten-us-securities-settlement-cycle-to-t1SIFMA, ICI and DTCC Leading Effort to Shorten U.S. Securities Settlement Cycle to T+1, Collaborating with the Industry on Next Steps<p>A Shorter Settlement Cycle Will Benefit Investors and Market Participant Firms by Reducing Systemic and Operational Risks </p>Wed, 28 Apr 2021 00:00:00 -0500{88B49B02-B1A9-4EAA-BC3E-9866B811D7ED}https://www.dtcc.com/news/2021/april/21/market-participants-identify-key-operational-areas-for-improvement-post-pandemic-in-new-dtcc-paperMarket Participants Identify Key Operational Areas for Improvement Post-Pandemic in New DTCC Paper<p>The Depository Trust & Clearing Corporation (DTCC), today published a white paper examining how capital markets operations responded during the COVID-19 pandemic and where market participants are focused in a post-pandemic future. </p>Wed, 21 Apr 2021 12:23:00 -0500{A5AAE78A-397F-4AD1-96F2-302557C6138E}https://www.dtcc.com/news/2021/april/14/dtcc-comments-on-senate-confirmation-of-new-sec-chair-gary-genslerDTCC Comments on Senate Confirmation of New SEC Chair Gary Gensler<p>The Depository Trust & Clearing Corporation (DTCC) issued the following statement in response to the Senate confirmation of new SEC Chair Gary Gensler</p>Wed, 14 Apr 2021 00:00:00 -0500{D5CB0EAB-7D9E-4091-8B96-C464B97256FC}https://www.dtcc.com/news/2021/march/30/dtccs-alert-surpasses-ten-million-standing-settlement-instructionsDTCC's ALERT Surpasses Ten Million Standing Settlement Instructions<p><strong>New York/London/Hong Kong/Singapore/Sydney, 30 March 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced that DTCC’s ALERT, the industry’s largest and most compliant web-based global database for the maintenance and communication of account and standing settlement instructions (SSIs), has passed a key milestone with over ten million SSIs now included in the service— an increase of 12% in the past twelve months. </p>Tue, 30 Mar 2021 12:47:00 -0500{C1F9FCD9-7FA6-4C4B-B6FF-2856FB01B121}https://www.dtcc.com/news/2021/march/16/dtcc-proposes-way-forward-to-achieving-global-data-harmonization-in-derivatives-trade-reportingDTCC Proposes Way Forward to Achieving Global Data Harmonization in Derivatives Trade Reporting<p><strong>New York/London/Hong Kong/Singapore/Sydney, 16 March 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today outlined a three-prong plan to further harmonize derivatives trade reporting requirements and deliver against the objectives that were originally established by the Group of 20 (G20) at its historic 2009 summit in Pittsburgh. </p>Tue, 16 Mar 2021 08:40:00 -0500{41B13E2C-A24B-496C-A179-E7ABB2ACF785}https://www.dtcc.com/news/2021/february/24/dtcc-proposes-approach-to-shortening-us-settlement-cycle-to-t1-within-two-yearsDTCC Proposes Approach to Shortening U.S. Settlement Cycle to T+1 Within 2 Years<p>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, <em>“</em><a href="https://perspectives.dtcc.com/articles/leading-the-industry-to-accelerated-settlement?utm_source=dtcc.com&utm_medium=press-release&utm_campaign=accelerated_settlement"><em>Advancing Together: Leading the Industry to Accelerated Settlement</span></em></a>,” DTCC highlights the immediate benefits of moving to a T+1 settlement cycle, including cost savings, reduced market risk and lower margin requirements as well as the firm’s plans for galvanizing the necessary support for the project across a wide range of market participants. </p>Wed, 24 Feb 2021 00:00:00 -0600{D4B55C8C-AB6E-4987-A374-B1AF23CDA279}https://www.dtcc.com/news/2021/january/25/senate-confirmation-of-new-us-treasury-secretary-janet-yellenDTCC Comments on Senate Confirmation of new U.S. Treasury Secretary Janet Yellen<p>“We congratulate Janet Yellen on her historic confirmation as the first woman to serve as US Secretary of the Treasury. The Senate confirmation recognizes Secretary Yellen’s distinguished record of public service and her dedication to ensuring the transparency and security of global financial markets. Her previous work as chair of the Federal Reserve, as president of the Federal Reserve Bank of San Francisco, and as chair of the Council of Economic Advisers established her as a leader in economic thought and finance policy. We look forward to collaborating with Secretary Yellen on the critical issues facing our industry and working together to protect the safety and stability of markets globally.” </p>Mon, 25 Jan 2021 00:00:00 -0600{FB765024-71BC-4657-BDAF-2E8BA6D58C94}https://www.dtcc.com/news/2021/january/20/dtccs-mf-info-xchange-adds-two-way-communication-and-new-notificationsDTCC’s MF Info Xchange Adds Two Way Communication and New Notifications Supporting Wide Spectrum of Announcements<p><strong>New York/London/Hong Kong/Singapore/Sydney, 20 January 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its MF Info Xchange service, the first offering of its kind to standardize communications for the mutual fund industry, has been recently enhanced with additional key capabilities to bring new efficiencies to the mutual fund communication process and meet evolving client needs.</p>Wed, 20 Jan 2021 00:00:00 -0600{139C3F3B-0B7F-4841-AF96-852CF6552A7C}https://www.dtcc.com/news/2021/january/13/dtcc-identifies-key-priorities-for-managing-risk-in-post-pandemic-environmentDTCC Identifies Key Priorities for Managing Risk in Post-Pandemic Environment<p><strong>New York/London/Hong Kong/Singapore/Sydney, 13 January, 2021</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today identified key priorities where financial market infrastructures (FMIs) should focus in the coming years to proactively and effectively manage risk in a post-pandemic environment. </p>Wed, 13 Jan 2021 14:46:00 -0600{D755C548-FD3A-42B6-B8D3-5261006FA6BA}https://www.dtcc.com/news/2020/december/09/20-technology-providers-agree-to-certify-their-ctm-interfaces20 Technology Providers Agree to Certify Their CTM Interfaces in Support of Enhanced US Trade Flow Capabilities, Accelerating Adoption of the Upgraded Services in 2021<p><strong>New York/London/Hong Kong/Singapore/Sydney, 9 December, 2020</strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announces today that 20 financial services technology providers have agreed to certify their interfaces in support of enhanced US trade flow capabilities in DTCC’s CTM service. CTM is the industry standard platform for the central matching of cross-border and domestic transactions, automating the trade confirmation process across multiple asset classes. Seven of the firm’s top 10 Order Management Solution (OMS) providers, representing over 70% of OMS trade allocation volumes, have already migrated to CTM’s latest version. </p>Wed, 09 Dec 2020 14:46:00 -0600{848E4C9F-0001-413B-9BD0-DFBE7394799B}https://www.dtcc.com/news/2020/december/08/dtcc-acquires-sapient-platform-for-compliance-management-reportingDTCC Acquires Sapient's Platform for Compliance Management Reporting to Create Industry's Most Comprehensive Pre and Post Trade Reporting Solution Globally<p><strong>New York/London/Hong Kong/Singapore/Sydney, 8 December 2020 </strong> ‒ The Depository Trust & Clearing Corporation (DTCC), the premier market infrastructure for the global financial services industry, today announced its acquisition of Publicis Sapient’s Compliance Management Reporting System (CMRS), which will be integrated with the DTCC Report Hub service to create the industry’s most comprehensive pre and post trade reporting solution. </p>Tue, 08 Dec 2020 08:57:00 -0600{8FB3BD9C-9D96-41AE-9A58-E1AF88EC6445}https://www.dtcc.com/news/2020/december/02/coronavirus-pandemic-cited-as-top-risk-to-financial-stability-in-2021-according-to-new-dtcc-surveyCoronavirus Pandemic Cited as Top Risk to Financial Stability in 2021 According to New DTCC Survey<p><strong>New York/London/Hong Kong/Singapore/Sydney, December 2, 2020</strong> ‒ The Coronavirus (COVID-19) pandemic ranks as the greatest threat to global financial stability in 2021, according to a new survey published by The Depository Trust and Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, with nearly one third (31%) of survey respondents citing the pandemic as the top risk, with two thirds (67%) citing it as a top 5 risk. </p>Wed, 02 Dec 2020 08:57:00 -0600