The National Securities Clearing Corp., a subsidiary of the Depository Trust & Clearing Corp., plans to enhance its Reconfirmation and Pricing Service (RECAPS) with new technology and automation for over-the-counter transactions.
The Options Clearing Corp. is still committed to its hard deadline of Feb. 12 for the transition to the new options symbology but is prepared to be flexible if necessary, said Dave Harrison, v.p. of member services.
The Depository Trust Company, a subsidiary of the Depository Trust & Clearing Corp., will give municipal bond issuers and agent banks an additional 10 days to provide notice to the utility prior to redeeming holdings.
The Depository Trust and Clearing Corp. is working with agent banks to detail how they will track the stages of syndicated commercial loans as part of a planned delivery-versus-payment (DVP) settlement service.
The International Securities Lending Association’s consultation on the central counterparty clearing model in securities lending may lead to standards being set in the space.
The Depository Trust Company, the Fixed Income Clearing Corp., and the National Securities Clearing Corp. are asking the Securities and Exchange Commission to allow additional certification of foreign asset oversight.
ICE Trust will use an auction methodology to determine settlement pricing for cleared credit default swaps positions.
The National Securities Clearing Corp. will apply to-be-implemented options symbology to its account transfer and basis reporting services ahead of schedule.
A corporate actions advisory service recently launched by B.I.S.S. Research will not be a full consultancy operation, as implementation support will not be offered, according to the firm's founder.
The Depository Trust & Clearing Corp. considered playing the counterparty role in the credit default swap market but decided it would conflict with its role as a utility.
The International Trade Association for Institutional Trade Communication (ISITC) is moving its standing settlement instruction (SSI) standard into production.
The Fixed Income Clearing Corp., a subsidiary of the Depository Trust & Clearing Corp., will begin to calculate portfolio margin across accounts and FICC divisions.