Search for: "Depository Trust and Clearing Corporation" Results 21 - 40 of 84
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20 Jul 2020, 10:41 am by John Jascob
Nina Neer, director of Technology Operational Risk Management at Credit Suisse, and Jason Harrell, head of Business and Government Cybersecurity Partnerships at The Depository Trust & Clearing Corporation discussed these issues and provided actionable advice for addressing risks associated with a work-from-home setting. [read post]
16 Apr 2020, 4:55 am by Hedge Fund Lawyer
 Wall Street and crypto veteran Caitlin Long recently announced a plan for Wyoming corporation, Avanti Financial Group Inc., to apply for a bank charter under Wyoming’s special-purpose depository institution law. [read post]
30 Oct 2019, 8:38 am by John Jascob
Specifically, the PSS leverages multiple accounts at Paxos and The Depository Trust Co. plus wire transfers from participants to a Paxos bank account to create a "digitized security entitlement" that is credited to a participant’s account within the PSS on the Paxos ledger. [read post]
27 Aug 2019, 9:41 pm by Adam Levitin
    Limited liability is a characteristic of modern corporations, as well as limited liability companies and limited partnerships and trusts (beneficiaries are not personally liable for the trust’s liabilities). [read post]
23 Jul 2019, 4:30 pm by Kevin LaCroix
Clearing through the New York Fed is critical for major oil and other transactions. [read post]
29 May 2019, 5:06 pm by Kevin LaCroix
Here is how a typical ransomware extortion scheme works: Ransomware attackers break into a corporate system and encrypt, or lock-up, a corporate victim’s data. [read post]
11 Jul 2018, 3:30 am by Christopher M. Bruner
  Shares now typically reside at the Depository Trust & Clearing Corporation (DTCC), with legal title held by a subsidiary called Cede & Company, which appears as the record holder of the stock in corporate stockholder lists. [read post]
1 Dec 2017, 11:54 am by John Jascob
This includes how firms handle trade execution, processing, and reporting and recordkeeping of derivatives.Quintenz noted these innovations are already starting to take shape, and pointed to the example of the Depository Trust Clearing Corporation (DTCC) which recently announced that it is transferring records for more than $11 trillion of cleared and bilateral credit derivatives transactions to its own DLT platform.The platform will provide market… [read post]
6 Nov 2017, 9:30 pm by Charlie Rosenthal
Although the SEC and industry groups have been publicly mulling over shortening the settlement period since the turn of the millennium, the concerted push that led to the SEC, FDIC, and OCC’s rules began with a 2012 study commissioned by the Depository Trust and Clearing Corporation, a company responsible for settling trillions of trades a year. [read post]
25 Apr 2017, 8:17 pm by Kathleen Scott
The currently designated systemically significant financial market utilities include The Clearing House Payments Company L.L.C. on the basis of its role as operator of the Clearing House Interbank Payments System, The Depository Trust Company, and the Chicago Mercantile Exchange. [read post]
19 Apr 2016, 8:57 am by John Jascob
The Depository Trust & Clearing Corporation agreed that the regulation of transfer agents is critically outdated. [read post]
31 Mar 2016, 6:29 am by John Jascob
By Jacquelyn LumbIn remarks at to the Depository Trust & Clearing Corporation 2016 Blockchain Symposium, CFTC Commissioner J. [read post]
9 Mar 2016, 9:39 am by John Jascob
According to FINRA’s Regulatory Notice, the Depository Trust & Clearing Corporation (DTCC) published a formal recommendation to shorten the standard U.S. trade settlement cycle to T + 2 and announced that it would partner with market participants and industry organizations to devise the necessary approach and timelines to achieve T + 2.Many in the industry have voiced support for the shortened settlement time, asserting that the shorter cycle will yield… [read post]
2 Feb 2016, 3:28 am by Broc Romanek
DTCC Explores Blockchain Technology As noted in this blog by Steve Quinlivan, the Depository Trust & Clearing Corporation – known as “DTCC,” whose subsidiary that keeps book-entries is known as “DTC” – issued this white paper examining the use of blockchain technology to settle trades… Senator Warren has issued this 13-page report on “weak justice”… The New “Napoleon Dynamite”:… [read post]