DTCC outlines steps to fully automate $780 billion of physical securities

Sep 29, 2020 - Global Custodian

DTCC has outlined a number of key steps to reduce and eliminate around $780 billion of physical US securities certificates through dematerialisation.  

In a newly released white paper, DTCC stated dematerialisation – the transition of physical certificates to electronic records – would reduce the risks and costs associated with manual processing and human touchpoints, as well as increase efficiency and resiliency.  

It found while there is less than 1% of assets serviced ...