DTCC begins testing DLT-based credit derivatives service with 15 banks

New service expected to launch after first quarter of 2019

distributed-ledger-technology
The future: DTCC says the project pushes the boundaries of technology use in the financial industry

The Depository Trust & Clearing Corporation has entered into the testing phase of a project to convert its trade information warehouse (TIW), a credit derivatives processing service, on to distributed ledger technology (DLT) and the cloud.

DTCC, a post-trade market infrastructure provider, said 15 global banks will begin conducting end-to-end, structured user-acceptance tests during this phase. They will do so by leveraging simulated use cases and test data, and validating their interaction

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