DTCC and CLS unveil OTC settlement scheme
The service replaces manually processed bi-lateral payments with automated, netted payments. In the first quarterly settlement cycle on 20 December 2007, gross settlements by the 14 participating OTC derivatives dealers were consolidated from 340,000 to 123 net settlements.
Market participants from investment banks including Merrill Lynch and Goldman Sachs have hailed the launch as a much-needed opportunity to reduce operational risks while also increasing operating efficiencies.
The actual
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Operations
Waters Wavelength
Wavelength Podcast Ep. 213: Data Management in a Post-Covid World
Senior execs from Citizens Bank, Commerzbank, and Deutsche Bank discuss lessons learned during the pandemic.
Subscribe to Weekly Wrap emails
Most read
- Causal Machine Learning Represents Next Evolution of AI (Plus ESG & Innovation Issues)
- EU Proposal Takes Aim at Major Cloud Providers
- IMD & IRD Awards 2020: Best Data Analytics and Technology Provider—dxFeed
- The Inside Market Data & Inside Reference Data Awards 2020: All the Winners and Why They Won
- Mike Meriton: The Man Who Wrote the ABCs of EDM