July 26, 2016 BY Valentina Kirilova
Northern Trust to leverage Global Collateral’s margin settlement messaging service
DTCC-Euroclear GlobalCollateral Ltd, a joint venture (JV) of Euroclear and The Depository Trust & Clearing Corporation (DTCC), has announced that financial services company Northern Trust will implement GlobalCollateral’s Settlement Messaging Service. The adoption of the service will streamline Northern Trust’s margin call process, increase transparency through automated collateral settlement tracking, enhance client service and improve…
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