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.
New offering will provide market participants increased insight into market value, positions and risk profiles.
New tool coincides with new SEC requirements for expanded US Treasury clearing, simulating estimated CCLF obligations linked to FICC Government Securities Division membership.
The pair intend to develop a proof of concept that links DTCC’s tri-party trade matching workflow with Cboe Clear Europe.
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.
New estimate is up from the previous $1.63 trillion prediction in September 2023 and is based on a survey completed by 83 sell-side institutions.
Increase in affirmation rates despite double-settlement day which included T+2 trades from prior to 28 May.
‘Teething issues’ as anticipated on first day of T+1 implementation in the US while affirmation rates top the DTCC’s target on day one.
Sumitomo Mitsui Trust is the first Japanese asset manager to adopt the ITP services through Nomura Research Institute’s (NRI) SmartBridge Advance – a collaborative offering built in partnership by DTCC and NRI.
Initially launched to support securities markets in EMEA, DTCC aims to expand access of the new functionally to other markets in the future.
DTCC encourages market participants to “ramp up their preparations and testing” and encourages continued collaboration between investment managers and their custodians.