Minor system issue hits DTCC’s night cycle processing on first day of T+1; affirmation rates top 90%
‘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.
Tag: DTCC
Sumitomo Mitsui Trust AM set to leverage DTCC’s Institutional Trade Processing service in T+1 transition
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.
Société Générale goes live on DTCC’s CTM tri-party trade matching workflow
Initially launched to support securities markets in EMEA, DTCC aims to expand access of the new functionally to other markets in the future.
Progress still slow in affirmation rates improving ahead of T+1 in May
DTCC encourages market participants to “ramp up their preparations and testing” and encourages continued collaboration between investment managers and their custodians.
Fireside Friday with… DTCC Digital Assets’ Nadine Chakar
The TRADE sits down with Nadine Chakar, global head of DTCC Digital Assets, to discuss how digital assets are impacting traditional financial markets, their influence on traditional trading practices and how market infrastructure can help bridge these two separate worlds together.
DTCC and S&P Global collaborate on joint T+1 solution
The T+1 service aims to support clients impacted by the upcoming T+1 settlement deadline set forth by the US Securities and Exchange Commission (SEC) slated for 28 May 2024.
Goldman Sachs boosts settlement efficiency with DTCC’s CTM workflow
Goldman Sachs has achieved more than 99% same day affirmation rates and improved settlement rates for transactions utilising DTCC’s Match to Instruct workflow.
DTCC targets 90% affirmation by 9pm on trade date ahead of T+1
Trades processed through the NSCC are on track, with more work to be done around the bilateral settlement segment.
T+1 testing progressing well despite “minor setup issues,” finds DTCC
Testing schedule began in August 2023, providing industry players nine months and 21 cycles of testing ahead of scheduled shift to T+1 in May.
The TRADE predictions series 2024: Market Structure – T+1
Key industry voices from Manulife Investment Management, Duco, CLS, DTCC and Torstone Technology delve into the buzz phrase on everyone’s lips as they look to 2024 – the shift to T+1.