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.
Tag: DTCC
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.
Expanded SEC clearing rules will see daily DTCC Treasury activity increase by $4 trillion, survey finds
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.
Affirmation rates reach nearly 95% on double-settlement day at DTCC
Increase in affirmation rates despite double-settlement day which included T+2 trades from prior to 28 May.