On this page
A Settling Bank may refuse to settle on behalf of another client for which it is the designated Settling Bank, in accordance with the processing schedule and other provisions. Each client is responsible to ensure that its net settlement balance, if any, is settled. If a Settling Bank does not settle on behalf of a client, as a result of a refusal to settle or otherwise, the client must make alternative arrangements to make payment to DTC via Fedwire ®
Example:
A settling bank acknowledges their settlement balance for the brokers/banks that they settle on behalf of in the Settlement Web DTC/NSCC Consolidated Settling Bank Account Statements.
For more information:
- The Settlement Web Help. Refer to the Settlement Statements section.
- The Settlement Service Guide
Filter resources:
DTC Security Eligibility (MMI vs. Underwriting): A Quick Reference for IPAs
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.
Project Ion MVP User Guide
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.
DTC Settlement: Overview Webcast
Overview of DTC Settlement Processing which will list the requirement, how transactions are recorded and how Settlement occurs at DTC.
Money Market Instrument (MMI) Issuances and Maturities
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.
PAMM Field Behavior Matrix
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nullam sit amet mauris ac purus imperdiet accumsan id sed nisi. Donec ut pulvinar arcu.