In a newly published white paper, DTCC notes that quantum computing may enable firms to analyse complex problems that cannot be solved using current computing methods, but it may also expose vulnerabilities in existing systems
The distributed-ledger technology (DLT) driven settlement service, Project Ion, is now processing an average of more than 100,000 bilateral equity trades daily and more than 160,000 transactions on peak days in parallel production
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