State Street Joins GlobalCollateral Pilot Program for Margin Settlement

The program aims to streamline and automate management of collateral from the initial call to settlement.

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Ted Leveroni, GlobalCollateral

State Street will be part of a pilot program to test a margin settlement system developed by a joint venture of the Depository Trust & Clearing Corp. (DTCC) and Euroclear, a service that purports to make it easier for firms to manage collateral.

DTCC-Euroclear GlobalCollateral is rolling out its Margin Settlement Messaging Service for testing on a small percentage of State Street's portfolio. The program aims to automate management of collateral and make it more transparent in preparation for ru

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