DTCC links ProtoColl and Margin Transit Utility
The Depository Trust & Clearing Corporation (DTCC) is integrating its front end collateral management system, Omgeo ProtoColl, with the DTCC-Euroclear GlobalCollateral's Margin Transit Utility (MTU), which is designed to deliver straight through processing of the settlement of margin obligations.
The DTCC said that clients will better manage their collateral process while receiving a near-real-time view into the settlement statuses of their pledging activity
“Our clients have been asking for ProtoColl to be linked with the MTU in order to ensure that activities taking place within the MTU seamlessly integrate with ProtoColl functionality," said Tim Keady, managing director and DTCC’s chief client officer.
“By doing so, users will benefit from a uniform experience, while enabling them to further automate their collateral processes, reduce counterparty risk, and allow them to more efficiently manage all areas of the collateral workflow.”
Omgeo ProtoColl clients will be able to see all transactions processed in the MTU using their existing account, enabling users to monitor the collateral management process from a single interface.
Omgeo ProtoColl leverages a rules-based workflow approach, allowing for exception-based processing on reconciliation, counterparty exposure, collateral optimisation, auto-fulfillment of pledged assets, and downstream notification.
MTU is a global collateral processing utility to streamline and bring automation and transparency to collateral movements and settlement.
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