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DTCC launches new tax service
10 August 2022 US
Reporter: Jenna Lomax

The service, known as the 1042-S Classification Announcement, will lower the amount of tax withheld on distributions for non-US investors, prior to the payable date

DTCC, ICI and SIFMA publish T+1 Playbook
01 August 2022 US
Reporter: AST

This guide is designed to assist market participants in preparing for the SEC’s proposed transition to next-day securities settlement which, subject to final regulatory approval, is targeted in the US for Q3 2024

DTCC partners with Kingfield to revamp claims process
27 July 2022 US
Reporter: Winnie Lee

The connectivity will allow firms to automatically match claims before sending them to DTC for straight-through-processing and intraday settlement via securities payment orders

ISSA appoints DTCC’s Ann Bergin to its board
14 July 2022 US
Reporter: Holly Shelton

The International Securities Services Association appoints Ann Bergin, managing director of the Depository Trust and Clearing Corporation, to its board

DTCC’s Report Hub service grows to more than 70 firms
28 June 2022 US
Reporter: Jenna Lomax

The members of the hub include leading banks, major swap dealers, and some of the largest custodians, clearing houses and buy-side firms across the globe

DTCC claims further advances in corporate actions automation
15 June 2022 US
Reporter: Bob Currie

US market infrastructure giant indicates that its newly automated Voluntary Reorganization service is an important step for its programme to remove manual interventions from corporate actions processing

DTCC outlines new resilience principles amid “increasingly complex technology landscape”
08 June 2022 US
Reporter: Jenna Lomax

In a new white paper, The Power of Technology Resilience: A Framework for the Industry, DTCC details four resilience principles that it says should be considered during the development of all software, services, and components

SEC approves Securities Financing Transaction clearing service proposal of the NSCC
06 June 2022 US
Reporter: Jenna Lomax

The new NSCC SFT clearing service will support the central clearing of clients’ SFTs intermediated by sponsoring members or agent clearing members, as well as the central clearing of SFTs between NSCC full-service members

DTCC blocks all activity to securities issued by Sberbank of Russia processed through its ITP Services
26 May 2022 US
Reporter: Jenna Lomax

DTCC has blocked all activity relating to securities issued by Sberbank of Russia via any DTCC Institutional Trade Processing service, in response to the Russian invasion of Ukraine

ASIC releases second consultation paper for changes to its derivative transaction rules
17 May 2022 Australia
Reporter: Jenna Lomax

The Australian Securities & Investments Commission has released its second consultation paper for proposed changes to simplify the ASIC Derivative Transaction Rules

DTCC evaluates risks presented by “interconnectedness” in global finance
04 May 2022 US
Reporter: Bob Currie

White paper builds on DTCC’s 2015 report, Understanding Interconnectedness Risks, which shines a spotlight on dangers of contagion and interconnectedness

Regelman named BNY Mellon CEO of securities services and digital
26 April 2022 US
Reporter: Carmella Haswell

Roman Regelman, chief executive officer of asset servicing at BNY Mellon, will also assume leadership of the Issuer Services business, effective immediately