DTCC faces month-long matching backlog

Matching of inter-repository trades suffering long delays

Sandy Broderick, DTCC Deriv/Serv

The Depository Trust & Clearing Corporation (DTCC) is taking nearly a month to match derivatives trade reports sent to different trade repositories – a situation that is worrying corporates, which are concerned about possible regulatory sanctions. Since February 12, the European Market Infrastructure Regulation has required both counterparties to a derivatives transaction to report the trade to one of the six trade repositories registered with the European Securities and Markets Aut