Signing Ceremony with SWIFT- Sibos 2015
DTCC-Euroclear Global Collateral Ltd ("GlobalCollateral") and SWIFT have signed an agreement for GlobalCollateral to use SWIFT's MyStandards - a collaborative application that will enable better communication and drive industry-standard messaging by ensuring that GlobalCollateral clients are leveraging the most up to date messaging standards for collateral movements. GlobalCollateral is a joint-venture by DTCC & Euroclear, which aims to streamline collateral processing globally. It centralizes, standardizes and optimizes what used to be a fragmented and manual post-trade process. Its open architecture, straight-through solution is available to all market participants for real-time margin and collateral processing of all asset types - whether cash or securities, in any settlement location.