DTCC: Future of Settlement Revamp Depends on Industry Appetite
Client feedback and priorities will drive the next phase of the market structure firm's project to modernize settlement.
Despite the disruption caused by the coronavirus, the Depository Trust and Clearing Corporation (DTCC) hopes to engage with some of clients, market participants, and regulators to determine whether a new settlement service would be valuable to the financial industry, and whether to move forward with developing it.
The DTCC is currently engaging with its membership and the broader industry to determine the next steps to optimize the settlement process to support a T+1 or T+0 settlement cycle, an
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