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All clearing and settlement news

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T+1 for equities will be standard within five years, predicts Citi


11 October 2021 UK
Reporter: Jenna Lomax

Some 50 per cent of market participants responding to a Citi survey predict that immediate settlement will be achievable within five years, and emerging technologies, such as distributed ledger technology, will be a key factor for enabling this
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DTCC argues for extension of central clearing in US treasury markets


05 October 2021 US
Reporter: Bob Currie

FICC, the DTCC subsidiary, argues that central clearing provides widespread benefits to the US Treasury market, including lower credit risk and settlement risk, improved liquidity and market access, and a more orderly system for liquidating positions
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DTCC’s Project Ion advances into development phase


15 September 2021 US
Reporter: Maddie Saghir

“Project Ion holds the promise of new settlement functionality supported by robust technical capabilities and is a key part of our on-going efforts to further accelerate settlement," says Michele Hillery
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DTCC’s FICC launches sponsored general collateral service


07 September 2021 US
Reporter: Bob Currie

Initial trades on FICC’s sponsored GC service executed by Federated Hermes, BNY Mellon and J.P. Morgan Securities, enabling centrally cleared repo transactions to settle on BNY Mellon's tri-party platform