Enable Efficient, Coordinated Settlement
Supports the exchange of securities and generation of cash obligations through a centralized book-entry settlement process connecting participants across the market.
Securities Settlement
Transfer Securities Ownership with Confidence
Once trades are matched and validated, firms must transfer securities accurately and on time to complete the exchange between counterparties. Given the volume and complexity of activity across equities, corporate debt, and municipal debt markets, fragmented settlement processes can increase operational risk, delayed transactions, and create reconciliation challenges.
Securities Settlement leverages DTC's centralized book-entry infrastructure to efficiently transfer ownership between counterparties while establishing and tracking the associated cash obligations required for settlement. This helps firms manage high volumes of securities deliveries with greater efficiency, consistency and operational control.
Key Features & Benefits
Process High Volumes Efficiently
Facilitates the accurate and timely processing of large volumes of securities deliveries throughout the settlement day.
Reduce Market and Operational Risk
Operates within a fully collateralized settlement environment designed to help protect participants and support market stability.
Improve Settlement Visibility
Provides transparency into settlement activity, including settlement fails, stock loans, repo activity and related cash obligations to improve insight into settlement outcomes.
Enhance Liquidity and Settlement Resiliency
Uses risk management controls, including net debit caps, to support settlement completion and help maintain market resiliency.
Integrated Post-Trade Processing
Connects securities settlement within a unified post-trade framework that supports inventory management and end-of-day funds settlement.
Using This Service
Securities settlement is available to DTC participants authorized to settle eligible securities through DTC. Participants may access securities settlement through transactions submitted by clearing activity, ITP services, or direct participant submissions, depending on their business model and settlement arrangements.
Securities settlement is available to DTC participants authorized to settle eligible securities through DTC. Participants may access securities settlement through transactions submitted by clearing activity, ITP services, or direct participant submissions, depending on their business model and settlement arrangements.
Resources
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DTC Fee Guide
The DTC Fee Guide provides a comprehensive overview of fees associated with DTC products, services and transaction processing activities.
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DTC Service Guide
The DTC Service Guide provides detailed information on DTC's products, services, operational processes and participation requirements.
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DTCC Learning
DTCC Learning provides access to training materials, educational resources and documentation designed to help users understand Settlement products, services and operational processes.
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Reference Documentation