DTCC bets on blockchain to slash CCP liquidity needs

New technology set to boost repo netting, shrinking $50bn facility "substantially"

Bitcoin's underlying technology could cut liquidity required to support clearing, says DTCC managing director

Distributed ledger technology could "substantially" reduce the $50 billion liquidity facility the Depository Trust & Clearing Corporation (DTCC) requires to support its fixed-income clearing activities, according to a managing director at the firm.

Regulators require clearing members of the DTCC to contribute to a capped committed liquidity facility (CCLF) for the company's Fixed Income Clearing Corporation (FICC) subsidiary, which clears repurchase agreements. Dealers have warned it would doub

To continue reading...

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 indvidual account here: