DTCC to Integrate Omgeo ProtoColl to Its Global Collateral Margin Transit Utility

Link to facilitate greater transparency and efficiency in the margin call process

DTCC to further optimize its solutions for collateral initiatives.

The Depository Trust and Clearing Corporation (DTCC) has announced it will be integrating its front-end collateral management system, Omgeo ProtoColl, with its Global Collateral solution for straight through processing of settlement of margin obligations.

Global Collateral is a Margin Transit Utility (MTU) developed through a joint venture of Euroclear and the DTCC and pending regulatory approval. Its integration with Omgeo ProtoColl would allow clients to manage their collateral process from a single interface, while receiving a near-real-time view into the settlement statuses of their pledging activity.

By streamlining margin call activities, the two merged products will bring efficiency, transparency and automation to the collateral management life cycle.

“Our clients have been asking for ProtoColl to be linked with the MTU to ensure that activities taking place within the MTU seamlessly integrate with ProtoColl functionality,” says Tim Keady, managing director and the DTCC’s chief client officer.

“By doing so, users will benefit from a uniform experience, while enabling them to further automate their collateral processes, reduce counterparty risk and allow them to more efficiently manage all areas of the collateral workflow. The open architecture of MTU aligns well with ProtoColl’s architecture, enabling us to bring the benefits of the MTU directly into existing ProtoColl workflow processes.”






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