Challenge
- U.S. Equity Market is demanding faster clearing and settlement services
- Need to modernize settlement clearing processing and ensure their relevance in capital markets for years to come
Solution
- Corda underpins DTCC’s settlement acceleration platform which is operating at scale
- Reduces settlement times for U.S. Equities from two days post trade (T+2) to T+1
- Potential to fully integrate into the U.S. clearance and settlement processes
- Capable of up to 6,300 trades per second or 115mn trades per day
Results
- Reduced settlement time to reduced counterparty, credit and default risk
- Move to T+1 could reduce $13.4 billion held by its members in margin each day by 41%
- Impactful shift in how capital markets operate
- Live in parallel production environment
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