JP Morgan and BNP Paribas adopt DTCC’s tri-party matching workflow
Prime brokers streamline post-trade processes ahead of Europe’s T+1 settlement transition in 2027.
Tag: DTCC
Even the smallest buy-side firms will have to spend a quarter of a million dollars on T+1 switch
European implementation should learn from key success factors from North America’s transition ahead of 11 October 2027 settlement, according to a report produced by Firebrand Research, Clearstream, DTCC and Euroclear.
National Securities Clearing Corporation to extend clearing to support extended trading hours
The move is scheduled to be implemented in Q2 2026, subject to regulatory review and approval of any necessary rule changes.
CME Group and DTCC expand cross-margining arrangement
The move aims to help users access capital efficiencies available when trading US Treasury securities and CME Group interest rate futures that have offsetting risk exposures.
Fixed Income
A look into the centrally cleared future
Wesley Bray explores the latest rule changes for fixed income clearing in the US, what institutions should be most conscious of, how to navigate these changes and what their impact will likely be on competition.
DTCC’s FICC bolsters VaR calculator capabilities ahead of US Treasury clearing requirements
New developments will help improve users’ understanding of risk management and margin requirements.
DTCC’s FICC launches new public-facing Value at Risk calculator
New offering will provide market participants increased insight into market value, positions and risk profiles.
DTCC’s FICC launches new contingency liquidity calculator
New tool coincides with new SEC requirements for expanded US Treasury clearing, simulating estimated CCLF obligations linked to FICC Government Securities Division membership.
DTCC and Cboe Clear Europe to create new OTC cash equities clearing workflow
The pair intend to develop a proof of concept that links DTCC’s tri-party trade matching workflow with Cboe Clear Europe.
Buy-Side
Asset managers proceed with caution despite overwhelmingly successful T+1 transition
The initial data from the DTCC have given an indication of positive affirmation and fail rates over the first week and a half, while the buy-side feel the transition has gone operationally well. However, there are still concerns around the future regarding overdrafts, public holidays, FX and more.