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    Categories: Bank GuaranteeMTNNewsStandby Letter of Credit

DTC Settlements & DTC Delivery now Accepted

Secure Platform Funding is pleased to announce that we have expanded our services and now in many cases accept the delivery of Bank Guarantees (BGs), Standby Letters of Credit (SBLC) and Mid Term Notes (MTN) by DTC also known as DTCC "The Depository Trust & Clearing Corporation"

This new accepted method of delivery helps clients deliver Bank Guarantees (BGs), Standby Letters of Credit (SBLC) and Mid Term Notes (MTN) to us without having to incur any Swift Fees.

With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes, and standardizes the post-trade processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers worldwide. User owned and industry governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness to the financial markets.

In 2015, DTCC’s subsidiaries processed securities transactions valued at more than US$1.5 quadrillion. Its depository provides custody and asset servicing for securities issues from over 130 countries and territories valued at US$45.4 trillion. DTCC’s global trade repository maintains approximately 40 million open OTC positions and processes roughly 280 million messages a week.

Secure Platform Funding is always looking to help customers by removing financial instrument delivery barriers so our Clients can achieve more and reduce their costs where ever possible. We see the addition of accepting DTC Bank Guarantees (BGs), Standby Letters of Credit (SBLC) and Mid Term Notes (MTN) deliveries as a positive step forward which will enable many more customers to benefit from Secure Platform Fundings excellent services.

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DTC Settlements & DTC Delivery now Accepted 2016-05-09T23:47:14+00:00 2017-07-06T00:06:51+00:00 Bruce Green
Bruce Green :