DTCC launches LCR data solution
24 October 2016 London
Image: Shutterstock
The Depository Trust & Clearing Corporation (DTCC) has added a Liquidity Coverage Ratio (LCR) capability to its DTCC Data Products service.
The LCR service is designed to help firms manage their buffer requirements for liquidity facilities.
It is intended support clients in meeting commercial paper requirements under Basel Committee on Banking Supervision regulation 238, as well as various mandates from other regulators. It can also provide a more cost-efficient way to improve visibility into liquidity obligations.
DTCC Data Products provides centralised data provisioning, offering fast access to DTCC data. It offers a consolidated view of trading activities and aggregated market data, sourced from DTCC’s transaction, reference and asset servicing data.
According to DTCC, the data products service has seen significant growth in interest since it launched in 2015. By the end of 2016, it will include data solutions for equity, derivatives and fixed-income asset classes.
Barclays was one of the first clients to go live on the LCR data service.
Navneet Kaur, business line treasurer for portfolio management at Barclays, said: “DTCC’s new LCR data service has significantly enhanced our ability to understand buffer requirements. DTCC’s completeness of data coverage in this market has made its solution very comprehensive.”
Ron Jordan, managing director of DTCC Data Services, said: “When banks issue facilities to corporates to provide liquidity against outstanding commercial papers they don’t always have a precise view of when the underlying corporates’ commercial paper obligations are due.”
He added: “The LCR Data Service allows banks to receive overnight delivery of aggregated maturities based on outstanding commercial paper market positions, and refine buffer requirements relevant to market exposure, thus allowing banks to manage their business more efficiently while complying with liquidity coverage mandates.”
The LCR service is designed to help firms manage their buffer requirements for liquidity facilities.
It is intended support clients in meeting commercial paper requirements under Basel Committee on Banking Supervision regulation 238, as well as various mandates from other regulators. It can also provide a more cost-efficient way to improve visibility into liquidity obligations.
DTCC Data Products provides centralised data provisioning, offering fast access to DTCC data. It offers a consolidated view of trading activities and aggregated market data, sourced from DTCC’s transaction, reference and asset servicing data.
According to DTCC, the data products service has seen significant growth in interest since it launched in 2015. By the end of 2016, it will include data solutions for equity, derivatives and fixed-income asset classes.
Barclays was one of the first clients to go live on the LCR data service.
Navneet Kaur, business line treasurer for portfolio management at Barclays, said: “DTCC’s new LCR data service has significantly enhanced our ability to understand buffer requirements. DTCC’s completeness of data coverage in this market has made its solution very comprehensive.”
Ron Jordan, managing director of DTCC Data Services, said: “When banks issue facilities to corporates to provide liquidity against outstanding commercial papers they don’t always have a precise view of when the underlying corporates’ commercial paper obligations are due.”
He added: “The LCR Data Service allows banks to receive overnight delivery of aggregated maturities based on outstanding commercial paper market positions, and refine buffer requirements relevant to market exposure, thus allowing banks to manage their business more efficiently while complying with liquidity coverage mandates.”
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