Custodian bank State Street announces that its business Collateral+ can now operate over DTCC’s Margin Transit Utility (MTU) – a tool for smoother collateral transfers among market participants.
“By leveraging MTU, State Street’s Collateral+ business will now be able to more efficiently validate, enrich, settle, report and monitor third party collateral while easily connecting to and sharing information with multiple counterparties on behalf of its clients,” State Street writes in its press release.