Clearing Houses Tweak Backup Deals – Business as Usual
Published Date: 1/23/2025
Notice
Summary
The Depository Trust Company (DTC) and the National Securities Clearing Corporation (NSCC) are updating their agreement to make how they back each other up clearer and simpler. These changes reflect how they actually work today, help manage money and securities better, and let them settle some obligations more efficiently. This update is effective immediately and affects both clearing agencies, helping keep the financial system smooth and secure.
No Economic Impacts Identified for this Document
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