Depository Trust Co. Pilots International Institutional Delivery System


The International Institutional Delivery system developed by the Depository Trust Co. of New York entered pilot mode in mid-November. Backed by a powerful group of broker/dealers, global custodians and institutional clients, the IID system is DTC's answer to trans-border clearing and settlement systems offered by I.P. Sharp Associates and FITEL.

IID pilot participants include brokers Merrill Lynch, Salomon Brothers, Morgan Stanley and First Boston; global custodians Chase Manhattan Bank,

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