DTCC Assembles Two Groups for T+2

john-abel
John Abel, vice president of settlement and asset services at DTCC

The Depository Trust and Clearing Corporation (DTCC), along with the wider financial services industry, has announced the formation of a steering committee (ISC) and working group (IWG) in charge of helping the US move from a T+3 to T+2 settlement cycle.

The fact the DTCC has organized groups made up of industry members to lead the change to T+2, as opposed to implementing the move themselves, speaks to how the regulatory body wants to approach the transition.

"Obviously, the DTCC benefits from

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