DTCC and Euroclear to develop collateral management system

By Daniel O'Leary
06 May 2014

The Depository Trust & Clearing Corp. and Euroclear are to create a system to make the processing of collateral easier.

The two firms are in the final stages of a joint venture agreement that will see the development initially of a Margin Transit Utility before the introduction of a Collateral Management Utility. The MTU will provide straight through processing to the settlement of margin obligations, while the CMU ...

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