Janet Wynn

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The Depository Trust & Clearing Corporation (DTCC) can justifiably claim to have revolutionised the settlement of credit default swaps (CDS). Two years ago, the average number of days taken to confirm a CDS trade was 23, says Janet Wynn, head of business delivery for over-the-counter derivatives at the DTCC in New York. “Now, with our service, it’s a couple of days.”

DTCC’s Credit Default Swaps Matching and Confirmation Service is part of the firm’s Deriv/SERV business unit, which also matche

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