DTCC Set To Roll Out Enhanced Settlement Interface

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Written by Mark M. Johnson
Tuesday, 20 December 2011

The Depository Trust and Clearing Corp. is preparing to roll out the first piece of functionality associated with its planned Settlement Web platform.

The platform will be the utility's settlement interface for members, ultimately replacing the existing Participant Terminal Service (PTS) and Participant Browser System (PBS), it stated in a notice to members.

The first piece of the platform to launch will be the Settlement Dashboard that will allow users to have a view into the different pieces of the settlement process in real time. The dashboard will include information about settlement milestones, including expected and actual completion times, alerts about the completion of different settlement activities, and on-demand reports.

Members will also be able to make data inquiries through the Active Inquiry Tool, research transactions and limit access to the functionality based on permissioning.

Firms are not required to onboard to the system now and the PTS and PBS systems will be available in parallel. But, the utility noted in its notice that settlement functionality is being rewritten and new functionality will not be supported by PTS and PBS. The first piece of functionality to be released and supported by Settlement Web alone will be available in the first quarter, the utility said.

Last Updated ( Tuesday, 20 December 2011 )

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