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 Intelligence鈥檚 director of securities finance Matthew Chesssum predicts 鈥渁 very good year鈥 for 2022, as securities finance revenues see best performance since 2008
鈥淪ettlements 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,鈥 says Laura Klimpel
The new functionality includes a unique tool that offers daily analytical reports that can complement a firm鈥檚 approach to best execution and daily disclosure data on short positions from China