The service, known as the 1042-S Classification Announcement, will lower the amount of tax withheld on distributions for non-US investors, prior to the payable date
This guide is designed to assist market participants in preparing for the SEC’s proposed transition to next-day securities settlement which, subject to final regulatory approval, is targeted in the US for Q3 2024
The connectivity will allow firms to automatically match claims before sending them to DTC for straight-through-processing and intraday settlement via securities payment orders
The International Securities Services Association appoints Ann Bergin, managing director of the Depository Trust and Clearing Corporation, to its board
The members of the hub include leading banks, major swap dealers, and some of the largest custodians, clearing houses and buy-side firms across the globe
US market infrastructure giant indicates that its newly automated Voluntary Reorganization service is an important step for its programme to remove manual interventions from corporate actions processing
In a new white paper, The Power of Technology Resilience: A Framework for the Industry, DTCC details four resilience principles that it says should be considered during the development of all software, services, and components
The new NSCC SFT clearing service will support the central clearing of clients’ SFTs intermediated by sponsoring members or agent clearing members, as well as the central clearing of SFTs between NSCC full-service members
DTCC has blocked all activity relating to securities issued by Sberbank of Russia via any DTCC Institutional Trade Processing service, in response to the Russian invasion of Ukraine
The Australian Securities & Investments Commission has released its second consultation paper for proposed changes to simplify the ASIC Derivative Transaction Rules
White paper builds on DTCC’s 2015 report, Understanding Interconnectedness Risks, which shines a spotlight on dangers of contagion and interconnectedness
Roman Regelman, chief executive officer of asset servicing at BNY Mellon, will also assume leadership of the Issuer Services business, effective immediately