The Depository Trust Company, a DTCC subsidiary, is proposing major changes in the settlement of equities and debt securities to strengthen intraday settlement and reduce systemic risk. DTCC VP John Abel explains the proposed changes and what they mean to the markets.
The DTC, a subsidiary of The Depository Trust & Clearing Corp. (DTCC), is proposing major structural changes in the settlement of equities, corporate debt and municipal debt securities to reduce risk and strengthen intraday settlement finality in the US financial markets. DTC introduced the proposals i n a white paper issued in December2012. The paper, A Roadmap for Promoting Intraday Settlement Finality in U.S. Markets , proposes implementing major sett lement changes in the course of the next five years. DTCC VP John Abel explains the proposed changes and what they mean to the industry and the markets.
Download the Congressional Testimony: Reducing Risk by Strengthening Settlement