DTCC faces month-long matching backlog

The DTCC is taking nearly a month to match inter-repository trades, and corporates are concerned that they will shoulder the blame

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 Authority (Esma)

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