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 ...
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