Money Market Instruments (MMI) Processing

Issue, manage and redeem money market instruments through automated processing and built-in risk controls.
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Money Market Instruments (MMI) Processing

Automate MMI Processing with Built-In Risk Controls

Money market instruments, such as commercial paper, institutional certificates of deposit and medium-term notes, help financial institutions and investors meet short-term funding and liquidity needs. Because these securities are issued, serviced and redeemed in high volumes and often within compressed timeframes, they require efficient and reliable processing.

DTC’s MMI Service automates the end-to-end lifecycle of eligible money market instruments, from eligibility and issuance through servicing and redemption. Built-in risk controls confirm funding before transactions are completed, helping reduce operational risk, support intraday finality and promote efficient settlement processing.

Available to issuers, Issuing & Paying Agents (IPAs), dealers, custodians and broker-dealers, the service provides a centralized platform for processing money market instruments and managing associated settlement activity. 

Key Features & Benefits

Faster Access to Funding

Supports same-day MMI issuance and redemption, helping issuers repay or replace maturing obligations and access short-term funding more efficiently.

Reduced Manual Processing

Automates MMI eligibility, issuance, settlement, servicing and redemption activities to reduce processing burdens and administrative overhead.

Increased Settlement Reliability

Applies funding controls designed to help prevent payment reversals and support settlement finality.

Improved Liquidity Management

Holds transactions until funding requirements are satisfied and release conditions are met, helping optimize liquidity and reduce settlement risk.

Enhanced Transparency

Provides greater visibility into transaction status, approvals and release timing through inquiry tools and funding-based release tracking.

Lower Costs and Complexity

Manages MMI eligibility, distribution, settlement and servicing through a single platform, helping reduce costs and simplify operations.

Using This Service

DTC’s MMI Service is available to eligible DTC participants, including Issuing & Paying Agents (IPAs), dealers, custodians and broker-dealers. Program information must be established and approved before issuance activity can begin. 

DTC’s MMI Service is available to eligible DTC participants, including Issuing & Paying Agents (IPAs), dealers, custodians and broker-dealers. Program information must be established and approved before issuance activity can begin. 

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