DTCC bets on blockchain to slash CCP liquidity needs

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

Bitcoin
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

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