Manual Segregated Account Processing Slowing You Down?
By DTCC Connection Staff
| Aug 11, 2020
Segregated accounts require an additional authorization from the secured party before releasing collateral from the segregated account back to the main account. This is highly manual, time-consuming and prone to errors. DTCC, together with global custodians, has worked to remove the need for this additional authorization. The Margin Transit Utility (MTU) both automates and simplifies the segregated account settlement process.