DTCC: Enters Test Phase on Distributed Ledger Project for Credit Derivatives with MarkitSERV

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DTCC: Enters Test Phase on Distributed Ledger Project for Credit Derivatives with MarkitSERV

  • Testing phase of its ground-breaking project to re-platform its credit derivatives TIW on DLT and cloud
  • Transformation of DTCC’s Trade Information Warehouse using distributed ledger and cloud technology along with the modernization of MarkitSERV’s confirmation system
  • MarkitSERV and all partners on this exciting initiative to revolutionize the derivative industry’s credit market infrastructure
  • IBM is leading the initiative by providing program management, DLT expertise, and integration services
  • The standardised nature of the process flows and data models made credit derivatives an ideal test case for distributed ledger technology
  • The TIW serves as the golden record for bilateral credit derivatives, performing lifecycle events, payment calculations and settlement through CLS