DTCC Will Narrow Industry’s Risk With a Real-Time Trade Guarantee
DTCC has announced two measures that will further mitigate risk for the industry and ensure greater certainty for market participants: 1) the plan to implement a real-time trade date guarantee for all Continuous Net Settlement (CNS)-eligible trades, including equity, corporate bond and municipal bond transactions, and 2) the increase of its equity clearing processing capacity to an unprecedented 500 million transactions per day.
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