DTCC, Euroclear To Launch Collateral Service

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DTCC, Euroclear To Launch Collateral Service

The Depository Trust & Clearing Corporation and Euroclear have created a joint processing service to aid firms in mitigating risks and costs that are associated with collateral management. The joint service will offer automatic transfer and the segregation of collateral based on agreed margin calls relating to over-the-counter derivatives and other collateralized contracts.

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