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DTCC Data Products adds liquidity coverage data

24 October 2016  |  2588 views  |  0 Source: Depository Trust & Clearing Corporation

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that DTCC Data Products, a service that provides centralized and dynamic data provisioning to enable faster and smarter access to comprehensive DTCC data, has experienced significant growth across its suite of offerings since the division was launched in 2015.

DTCC Data Products’ custom data provisioning capability provides firms with a consolidated view of their trading activities as well as aggregated and anonymized market data sourced from DTCC’s transaction, reference and asset services data. By the end of this year, DTCC Data Products will include data solutions that cover all major asset classes (equities, derivatives and fixed income) in addition to high demand data in DTCC Data Products’ Benchmark, Referential and Liquidity data categories.

DTCC Data Products is launching its Liquidity Coverage Ratio (LCR) Data Service. DTCC’s LCR Data Service was designed to help firms manage their buffer requirements for liquidity facilities which can support commercial paper (CP) obligations in order to meet more stringent regulatory capital requirements set down in Basel III BCBS 238 and other similar mandates by various regulators, while simultaneously seeking cost-efficient ways to enhance visibility into their obligations.

“When banks issue facilities to corporates to provide liquidity against outstanding CP they don’t always have a precise view of when the underlying corporates’ CP obligations are due,” said Ron Jordan, Managing Director of Data Services at DTCC. “The LCR Data Service allows banks to receive overnight delivery of aggregated maturities based on outstanding CP market positions, and refine buffer requirements relevant to market exposure, thus allowing banks to manage their business more efficiently while complying with liquidity coverage mandates.”

Among the first institutions to go-live on DTCC’s LCR Data Service is Barclays. Navneet Kaur, Business Line Treasurer, Portfolio Management at Barclays, said, “DTCC’s new LCR Data Service has significantly enhanced our ability to understand buffer requirements. DTCC’s completeness of data coverage in this market has made its solution very comprehensive.”  

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