New York/London/Singapore/Hong Kong/Sydney, 24 October 2016 – The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that DTCC Data Products, a service that provides centralized and dynamic data provisioning to enable faster and smarter access to comprehensive DTCC data, has experienced significant growth across its suite of offerings since the division was launched in 2015.
DTCC Data Products’ custom data provisioning capability provides firms with a consolidated view of their trading activities as well as aggregated and anonymized market data sourced from DTCC’s transaction, reference and asset services data. By the end of this year, DTCC Data Products will include data solutions that cover all major asset classes (equities, derivatives and fixed income) in addition to high demand data in DTCC Data Products’ Benchmark, Referential and Liquidity data categories.
DTCC Data Products is launching its Liquidity Coverage Ratio (LCR) Data Service. DTCC’s LCR Data Service was designed to help firms manage their buffer requirements for liquidity facilities which can support commercial paper (CP) obligations in order to meet more stringent regulatory capital requirements set down in Basel III BCBS 238 and other similar mandates by various regulators, while simultaneously seeking cost-efficient ways to enhance visibility into their obligations.
“When banks issue facilities to corporates to provide liquidity against outstanding CP they don’t always have a precise view of when the underlying corporates’ CP obligations are due,” said Ron Jordan, Managing Director of Data Services at DTCC. “The LCR Data Service allows banks to receive overnight delivery of aggregated maturities based on outstanding CP market positions, and refine buffer requirements relevant to market exposure, thus allowing banks to manage their business more efficiently while complying with liquidity coverage mandates.”
Among the first institutions to go-live on DTCC’s LCR Data Service is Barclays. Navneet Kaur, Business Line Treasurer, Portfolio Management at Barclays, said, “DTCC’s new LCR Data Service has significantly enhanced our ability to understand buffer requirements. DTCC’s completeness of data coverage in this market has made its solution very comprehensive.
With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes and standardizes the post-trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets. In 2015, DTCC’s subsidiaries processed securities transactions valued at more than US$1.5 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$45.4 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week. To learn more, connect with us on LinkedIn, Twitter, YouTube and Facebook.