DTCC and Euroclear to Create Collateral-Processing Joint Venture
The new venture, dubbed DTCC-Euroclear Global Collateral, will be jointly owned and directed by the two firms, with Euroclear’s managing director and head of technology, Michael Shipton, assuming the role of CEO, while Mark Jennis, the DTCC’s managing director, strategy and business development, will assume the position of executive chairman.
The DTCC-Euroclear Global Collateral‘s MTU solution will support firms' straight-through processing of margin obligation settlement, leveraging the DTCC's
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