The connectivity created by the two firms aims to increase straight-through processing, enabling counterparties to remit claims on pay date and reduce capital requirements
S&P Global Market Intelligences director of securities finance Matthew Chesssum predicts a very good year for 2022, as securities finance revenues see best performance since 2008
Settlements would be allowed to pair off daily against new activity, with NSCC calculating and processing price differential payment amounts that are created by the daily pair off and processed through DTCC, says Laura Klimpel