Difference between revisions of "DTCC"

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== References ==
 
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Revision as of 17:21, 1 April 2019


DTCC
Dtcc-logo.gif
Founded 1999
Headquarters New York, New York
Key People Mike Bodson, CEO; Robert Palatnick, CEO
Products Depository, clearing and settlement services for corporate securities
Website DTCC Home
Releases Company News

Depository Trust & Clearing Corporation (DTCC) is a U.S. holding company formed in 1999 to combine the Depository Trust Company, the National Securities Clearing Corp. and three other units providing post-trade services to exchange-traded and over-the-counter securities. DTCC, through its subsidiaries, provides clearing, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives. In addition, DTCC processes mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC's depository provides custody and asset servicing for 2.8 million securities issues from the U.S. and 107 other countries and territories, valued at $36 trillion.

Full page on MarketsWiki

To read the full article on DTCC, click on Marketswiki.gif to open a new tab with MarketsWiki.

Blockchain Initiatives

In January 2016 DTCC called for a technology-driven reform of the securities and settlements system with the publication of a paper “Embracing Disruption – Tapping the Potential of Distributed Ledgers to Improve the Post-Trade Landscape.” DTCC asserted that distributed ledger technology might enhance operations, mitigate risks and lower post-trade costs.[1]

On February 9, 2016, the Linux Foundation’s Hyperledger Project announced that DTCC was among its 30 founding members.[2]

DTCC announced in January 2017 that it was working with IBM and others on a project to apply blockchain technology to processes in the issuance and post-trade processes in the credit default swap market.[3]

DTCC joined with Accenture, Digital Asset and R3 to study the viability of blockchain technology in securing stock settlements in the United States. On October 17, 2018 DTCC announced that the study had shown that blockchain could be used to settle more than 100 million trades per day.[4]

In November, DTCC announced that it had begun the testing phase of a distributed ledger and cloud project for credit derivatives, which may replace its current credit derivatives platform, Trade Information Warehouse. According to DTCC, the project involved 15 of the world's largest banks. The project is a collaboration between DTCC and other members of the Hyperledger project, including IBM and R3.[5][6]

References