DTCC re-imagines STP
September 13, 2019

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has this week outlined a vision for institutional trade processing that realizes the goal of straight-through processing by eliminating inefficient manual touch points.

In a paper called ‘Re-Imagining Post-Trade: No-Touch Processing Within Reach' DTCC explains the need for the new approach and lays out a path for achieving no-touch processing, including the most effective way to leverage existing infrastructure.

Says Matthew Stauffer, Managing Director and Head of Institutional Trade Processing at DTCC: "We have a plan to create an open, integrated and resilient post-trade infrastructure that eliminates redundancies and manual processing across an increasing set of asset classes.

"It is designed so the entire trade lifecycle - from post-execution to settlement - can be managed from one platform. With a no-touch processing infrastructure, reference data is centralized and enrichment occurs automatically from golden data sources, which would facilitate downstream processes and eliminate the need for local data stores.

"Parties would agree on trade economics and SSIs on trade date, resulting in an authoritative trade record. All parties (buy-side, sell-side, depositories) would be notified with the same authoritative instruction and receive the settlement status to ensure settlement finality."





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The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has this week outlined a vision for institutional trade processing that realizes the goal of straight-through processing by eliminating inefficient manual touch points.

In a paper called ‘Re-Imagining Post-Trade: No-Touch Processing Within Reach' DTCC explains the need for the new approach and lays out a path for achieving no-touch processing, including the most effective way to leverage existing infrastructure.

Says Matthew Stauffer, Managing Director and Head of Institutional Trade Processing at DTCC: "We have a plan to create an open, integrated and resilient post-trade infrastructure that eliminates redundancies and manual processing across an increasing set of asset classes.

"It is designed so the entire trade lifecycle - from post-execution to settlement - can be managed from one platform. With a no-touch processing infrastructure, reference data is centralized and enrichment occurs automatically from golden data sources, which would facilitate downstream processes and eliminate the need for local data stores.

"Parties would agree on trade economics and SSIs on trade date, resulting in an authoritative trade record. All parties (buy-side, sell-side, depositories) would be notified with the same authoritative instruction and receive the settlement status to ensure settlement finality."



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