Ron Jordan, DTCC
New York, London, Singapore, Hong Kong, and Sydney - 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.
Ron Jordan, Managing Director of Data Services at DTCC said: "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."
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 data in DTCC Data Products' Benchmark, Referential and Liquidity data categories.
Among the first institutions to go-live on DTCC's LCR Data Service is Barclays.