DTCC reveals Deriv/Serv expansion

The Depository Trust and Clearing Corporation (TCC) has expanded its Deriv/Serv matching and confirmation service to provide support for trades in interest rate swaps and swaptions, equity swaps and variance swaps.

Deriv/Serv will start supporting trades in interest rates swaps and swaptions immediately, with equity and variance swap support becoming available in September. It will provide real-time matching and confirmation, as well as handling new trades, full or partial terminations, increases, amendments and exits.

Janet Wynn, DTCC's Deriv/Serv managing director and general manager, said the company's 23 major dealer clients would benefit from higher trade confirmation rates. Use of the service would continue to be free to buy-side customers, she added.

Deriv/Serv already covers credit default swaps and CDS indexes; it added equity index options and equity options in September last year. The introduction of the new capabilities has been delayed from an original target in-service date of December 2004.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here