Post-trade infrastructure services provider DTCC has designated its recently enhanced Omgeo Alert repository for standing settlement instruction (SSI) data as a de facto “single and centralized” SSI utility. DTCC officials timed the announcement to coincide with SIFMA’s T+2 shorter settlement conference in New York today. The utility approach to SSI data management began about three… Read More >>
State Street to Test Service for Collateral Settlement
State Street will embark upon a pilot program in the first quarter of 2017 that will test the margin settlement messaging service of vendor GlobalCollateral as the global custodian intends to automate as much as possible the collateral settlement process, officials confirm. GlobalCollateral, a joint venture of Euroclear and the DTCC, is readying for prime… Read More >>
Omgeo Alert Settlement Utility Hits Milestone
Omgeo Alert, an online global database of account information and standing settlement instructions (SSIs), has hit a milestone with more than six million settlement instructions — a major step forward in its push to become the dominant SSI utility, say officials of the post-trade market infrastructure services provider the DTCC, which owns Omgeo. SSIs hold… Read More >>
