US Clearinghouse DTCC Buys Securrency to Deepen Blockchain Push; The purchase is DTCC’s first acquisition in a decade; Tech could help Clearinghouse in tokenization projects Anna Irrera – Bloomberg Depository Trust & Clearing Corp. agreed to buy startup Securrency Inc, part of the main US sto...
US Treasury markets currently consist of transactions which are either bilaterally cleared or centrally cleared transactions though Fixed Income Clearing Corporation (FICC), part of US financial market infrastructure DTCC. Following periods of increased market volatility, the SEC proposed in September 2022...
The Depository Trust & Clearing Corporation (DTCC), in collaboration with the Digital Dollar Project (DDP) and with the support of Accenture, has publish a paper outlining key findings from the pilot (formerly known as Project Lithium), the first private sector initiative to explore how tokenized...
By the end of this year, the first phase of the US Securities and Exchange Commission’s (SEC) Treasury clearing mandate is scheduled to come into force, affecting users of US Treasury securities all over the world. It’s difficult to overstate how big a deal this is, and a huge amount...
(assuming a 360-day year consisting of twelve 30-day months and, in the case of an incomplete month, the actual number of days elapsed) at the Treasury Yield plus 25 basis points in the case of the 2026 Notes and 25 basis points in the case of the 2030 Notes, plus, in each case,...
Integrating decentralized exchanges into US financial markets is trickier. Securities exchanges are heavily regulated and rely on a central clearinghouse called the Depository Trust & Clearing Corporation (DTCC) to settle trades. The DTCC must go onchain. It’salready testing onchain trade settlementand...
“Participants” 2.1(c) “Paying Agent” 2.3 “Payment Date” 1.1 (in the definition of“Offer to Purchase”) “Primary Treasury Dealer” 1.1 (in the definition of “Reference Treasury Dealer”) “Registrar” 2.3 “Regulation S Global Note” 2.1(b) “Regulation S Permanent Global Note” 2.1...
SECTION 2.9 Treasury Notes. In determining whether the Holders of the required aggregate principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company or by any Affiliate of the Company shall be considered as though not outstanding, except that for the...
(assuming a 360-day year consisting of twelve 30-day months and, in the case of an incomplete month, the actual number of days elapsed) at the Treasury Yield plus basis points in the case of the 20 Notes and basis points in the case of the 20 Notes, plus, in each case, accrued ...
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today issued a new industry paper, “Looking to the Horizon: Assessing a Potential Expansion of U.S. Treasury Central Clearing,” that explores the possible ...