Leading Swap Dealers Join DTCC-Euroclear Margin Transit Utility
DTCC can now focus on expanding coverage of the MTU with the addition of leading dealers.
The joint venture between the Depository Trust & Clearing Corp. (DTCC) and Euroclear has added the world’s leading swap dealers to its Margin Transit Utility (MTU) community. The utility was in pilot, but this move will allow them to bring it to full production and will allow for the possible expansion of the service.
Leading swap dealers Goldman Sachs, JP Morgan, Morgan Stanley, Societe Generale, UBS, and Wells Fargo, have joined more than 30 buy-side firms and custodians that were piloting
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