Depository Trust Co. Pilots International Institutional Delivery System
THIS WEEK'S LEAD STORIES
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, Bankers
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