Barclays first to utilise DTCC’s liquidity coverage ratio data

DTCC launches liquidity coverage ratio data service as Barclays becomes its first client.

The Depository Trust and Clearing Corporation (DTCC) has announced a growth in its data business, as Barclays bank becomes the first to go-live with its newly launched liquidity coverage ratio (LCR) data service.

DTCC’s LCR data service was designed to help firms manage buffer requirements for liquidity facilities and support commercial paper obligations to meet Basel III regulation.

Ron Jordan, managing director of data services at DTCC, explained the LCR data service allows banks to receive overnight requirements relevant to market exposure, allowing more efficient business management.

Business line treasurer and portfolio manager at Barclays, Navneet Kaur, said the 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,” Kaur added.

DTCC Data Products said it will include data services across fixed income, equities and derivatives by the end of the year, alongside its existing benchmark, referential and liquidity data categories.