Multilateral Netting at Scale
We consolidate trades into a single net obligation to reduce settlement risk, lower capital requirements and streamline post-trade activity.
Optimize Capital & Liquidity at Market Scale
We are helping firms unlock trapped liquidity, reduce capital pressure and improve operational efficiency by moving the levers of clearing and settlement systems.
Capital & Liquidity Optimization
Turning Infrastructure into Capital Advantage
DTCC operates at the center of global markets, processing trillions in transactions daily while reducing risk and cost.
As regulation, volatility and competition increase, firms are facing growing capital constraints. We are addressing these pressures with our Capital & Liquidity Optimization (CLO) program, using the powerful tools of centralized clearing, settlement and netting to unlock liquidity and improve capital.
By leveraging DTCC’s infrastructure, scale and innovation, we are freeing up trillions of dollars that firms can use for other investment purposes.
- Quadrillion
Global securities processed annually
Average reduction in equities payment obligations through multilateral netting
- Trillion
Balance sheet capacity created via FICC netting
- Billion
Average daily risk offsets with CME x-margin savings
Data as of Q2 2026
From Clearing Efficiency to Business Benefits
Balance Sheet Optimization
We help firms free up capital through netting efficiencies and the streamlined processing of financing transactions.
Liquidity Optimization Levers
Using the clearing and settlement mechanisms, we are releasing trapped liquidity and improving funding efficiency.
Cross-CCP Risk Offsets
We are innovating to offset exposures across CCPs to reduce margin requirements and improve capital usage.
Settlement Efficiency Improvements
Accelerate settlement, reduce fails and increase throughput with automation.
Advanced Risk Management
Use enhanced margin models and monitoring tools to optimize capital decisions and transparency.
Capital & Liquidity Optimization Initiatives
CLO includes targeted initiatives across equities and fixed income to improve capital efficiency, reduce liquidity pressure and enhance settlement performance.
- CNS Fails Charge Enhancements - Refines fails charges to apply only to failing members based on duration, improving fairness and efficiency.
- DTC Partial Settlement (planned) - Automates identification and execution of partial deliveries to reduce fails and improve capital efficiency.
- Net Debit Cap (NDC) Flexibility - Introduces a dynamic cap aligned to available liquidity to reduce transaction blockages and improve throughput.
- NSCC Mark-to-Market Passthrough (planned) - Enables same-day settlement of MTM credits and debits, allowing margin offsets and improving capital usage.
- SLD Liquidity Risk Inventory Projection - Enhances liquidity forecasting with broader inputs to increase transparency and reduce required liquidity commitments.
- CNS Fails Charge Enhancements - Refines fails charges to apply only to failing members based on duration, improving fairness and efficiency.
- DTC Partial Settlement (planned) - Automates identification and execution of partial deliveries to reduce fails and improve capital efficiency.
- Net Debit Cap (NDC) Flexibility - Introduces a dynamic cap aligned to available liquidity to reduce transaction blockages and improve throughput.
- NSCC Mark-to-Market Passthrough (planned) - Enables same-day settlement of MTM credits and debits, allowing margin offsets and improving capital usage.
- SLD Liquidity Risk Inventory Projection - Enhances liquidity forecasting with broader inputs to increase transparency and reduce required liquidity commitments.
