In late 2018 we reported that the DTCC had started testing its updated credit derivatives Trade Information Warehouse (TIW) that uses DLT. The current version is responsible for processing $10 trillion of cleared and bilateral derivatives. But there’s been no public news since then. We can now report that it’s currently on track for late 2022.
The TIW serves as the golden record for bilateral credit derivatives. The platform provides payment calculations, settlement services via CLS and processes credit events.
Fifteen global banks were testing the solution in 2018 and the launch date was expected in 2019. And the DTCC confirmed to Ledger Insights that the TIW functional development is complete and has been tested by DTCC, industry partners, dealers, buy-side firms, CCPs, vendors and service providers.
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