U.S., European Depositories Are Branching Out

March 2009
Securities Industry News;3/2/2009, Vol. 21 Issue 5, p9
Trade Publication
The article reports on the decision of Depository Trust & Clearing Corp. (DTCC) and Euroclear Bank to extend their services into areas like syndicated loans, over-the-counter derivatives, alternative investments and carbon emission contracts. It cites the advantages of the decision of DTCC and Euroclear to financial firms. The firms also plan to launch U.S. and European tax and income payment services. The FundSettle platform of Euroclear is also cited.


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