TITLE

DTCC to Intro Instant Settlement Service

PUB. DATE
September 2010
SOURCE
Bank Loan Report;9/20/2010, Vol. 25 Issue 36, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the Cash on Transfer service offered by the Depository Trust & Clearing Corp. (DTCC) which offers instant loan settlements in the U.S. According to Christopher Childs, managing director of DTCC, the service facilitates the movement of cash and ensures that a loan seller is paid for every transferred assets. It states that the service is part of the Loan/SERV program of DTCC, which aims to automate the processing of syndicated loans.
ACCESSION #
54017003

 

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