DTCC To Provide Cash Settlement For Syndicated Loans

The Depository Trust & Clearing Corporation plans to add cash settlement capabilities, including delivery versus payment (DVP), to its Loan/SERV suite of services.

  • 17 Jun 2009

--Leela Parker

The Depository Trust & Clearing Corporation plans to add cash settlement capabilities, including delivery versus payment (DVP), to its Loan/SERV suite of services. Cash settlement will be added to the platform before the first quarter of next year, said a DTCC spokesman.

“Delivery versus payment will provide ...

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