We help Issuing and Paying Agents establish eligible money market programs and instruments within The Depository Trust Company’s (DTC) depository and book-entry environment. Through a standardized eligibility and program-setup framework, agents can provide the issuer, security, payment and supporting information DTC needs to review the program, establish reference data and prepare subsequent issuances for electronic processing. 

Once eligibility is confirmed, issuers and their agents can connect eligible programs to DTC infrastructure that supports the issuance, distribution, settlement and ongoing servicing of money market instruments.  
Centralized book-entry processing reduces reliance on physical certificates and fragmented manual workflows, while consistent data and automated controls help improve issue setup, payment processing and downstream recordkeeping. By creating a common operational framework for agents and DTC Participants, the service helps firms bring instruments to market more efficiently, manage maturities and other lifecycle events more consistently, improve transparency and reduce processing errors, reconciliation effort and settlement risk.